2,070 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,070 shares of the aerospace company's stock, valued at approximately $680,000.

Several other institutional investors have also recently made changes to their positions in the company. Congress Asset Management Co. increased its stake in shares of 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 during the period. International Assets Investment Management LLC grew its stake in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock valued at $81,943,000 after purchasing an additional 301,394 shares during the last quarter. Van ECK Associates Corp grew its stake in Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company's stock valued at $88,847,000 after purchasing an additional 56,966 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company's stock valued at $64,815,000 after purchasing an additional 64,619 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on CW shares. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Finally, StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $364.40.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE:CW traded down $3.91 during trading hours on Monday, reaching $369.72. The company had a trading volume of 35,616 shares, compared to its average volume of 224,960. Curtiss-Wright Co. has a 1-year low of $212.05 and a 1-year high of $393.40. The firm has a market cap of $14.03 billion, a PE ratio of 35.57 and a beta of 1.17. The business's 50 day moving average price is $354.39 and its 200-day moving average price is $310.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright's payout ratio is presently 7.95%.

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.