Curtiss-Wright Co. (NYSE:CW) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 17.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,965 shares of the aerospace company's stock after selling 21,379 shares during the period. Lord Abbett & CO. LLC owned approximately 0.26% of Curtiss-Wright worth $32,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC raised its position in Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock valued at $132,000 after acquiring an additional 29 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after purchasing an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company's stock valued at $363,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company's stock worth $382,000 after buying an additional 37 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in Curtiss-Wright by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company's stock valued at $1,442,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $0.65 during trading on Friday, reaching $366.92. The stock had a trading volume of 173,687 shares, compared to its average volume of 226,525. The business has a fifty day moving average price of $362.34 and a 200-day moving average price of $317.13. Curtiss-Wright Co. has a 1-year low of $212.05 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a market cap of $13.92 billion, a PE ratio of 34.71, a PEG ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright's payout ratio is 7.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus downgraded shares of 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. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $379.00.

Insider Activity

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Curtiss-Wright Company 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.