Martingale Asset Management L P Sells 10,456 Shares of Curtiss-Wright Co. (NYSE:CW)

Martingale Asset Management L P trimmed its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,199 shares of the aerospace company's stock after selling 10,456 shares during the quarter. Martingale Asset Management L P owned approximately 0.18% of Curtiss-Wright worth $22,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after purchasing an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Curtiss-Wright by 30,079.2% during 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 buying an additional 301,394 shares during the period. Congress Asset Management Co. lifted its stake in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $41,383,000. Finally, Van ECK Associates Corp grew its stake in Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock valued at $53,318,000 after acquiring an additional 86,955 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial raised 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. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $364.40.

Curtiss-Wright Stock Performance

CW traded up $2.26 on Friday, hitting $373.63. The company had a trading volume of 131,456 shares, compared to its average volume of 225,783. Curtiss-Wright Co. has a 1-year low of $211.41 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company's fifty day moving average price is $353.48 and its 200 day moving average price is $309.50. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 35.35 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be paid a $0.21 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's payout ratio is presently 7.95%.

Insider Buying and Selling

In other news, VP John C. Watts sold 412 shares of the firm'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

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.