JPMorgan Chase & Co. Purchases 10,642 Shares of Curtiss-Wright Co. (NYSE:CW)

JPMorgan Chase & Co. lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,142 shares of the aerospace company's stock after purchasing an additional 10,642 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Curtiss-Wright worth $39,161,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CW. Geode Capital Management LLC boosted its stake in Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock valued at $240,606,000 after purchasing an additional 27,607 shares in the last quarter. Congress Asset Management Co. boosted its stake in Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after acquiring an additional 403,701 shares during the period. Franklin Resources Inc. raised its position in Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock worth $115,469,000 after acquiring an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company's stock valued at $88,847,000 after acquiring an additional 56,966 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.3 %

NYSE:CW traded up $1.22 during trading hours on Monday, hitting $350.64. 294,206 shares of the company's stock traded hands, compared to its average volume of 397,235. The stock's fifty day moving average price is $364.83 and its two-hundred day moving average price is $325.92. The firm has a market cap of $13.31 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a twelve month low of $212.05 and a twelve month high of $393.40.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) is 7.95%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CW. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Finally, Morgan Stanley upped their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $379.00.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares of the company's stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 412 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock worth $35,278. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.