Curtiss-Wright Co. (NYSE:CW) Shares Bought by MML Investors Services LLC

MML Investors Services LLC boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,786 shares of the aerospace company's stock after purchasing an additional 1,754 shares during the period. MML Investors Services LLC's holdings in Curtiss-Wright were worth $3,217,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tsfg LLC increased its holdings in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after buying an additional 67 shares during the period. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after acquiring an additional 79 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the third quarter worth $59,000. Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright during the third quarter worth $69,000. Finally, Kennebec Savings Bank acquired a new position in Curtiss-Wright during the third quarter valued at $72,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value 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 $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.00.

Curtiss-Wright Price Performance

Shares of CW stock traded up $0.65 on Friday, reaching $366.92. 173,687 shares of the company were exchanged, compared to its average volume of 226,525. 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 business has a 50-day moving average price of $362.34 and a 200 day moving average price of $317.13. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were paid a $0.21 dividend. 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 dividend payout ratio is presently 7.95%.

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.