Oppenheimer Asset Management Inc. Acquires 7,699 Shares of Curtiss-Wright Co. (NYSE:CW)

Oppenheimer Asset Management Inc. grew its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 487.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,277 shares of the aerospace company's stock after purchasing an additional 7,699 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Curtiss-Wright were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinnacle Financial Partners Inc bought a new position in shares of Curtiss-Wright in the 3rd quarter worth $222,000. Victory Capital Management Inc. lifted its stake in shares of Curtiss-Wright by 20.6% in the third quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company's stock valued at $12,248,000 after buying an additional 6,368 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Curtiss-Wright by 21.6% during the third quarter. Aptus Capital Advisors LLC now owns 22,139 shares of the aerospace company's stock valued at $7,277,000 after buying an additional 3,936 shares during the last quarter. Versor Investments LP bought a new stake in shares of Curtiss-Wright during the third quarter worth about $329,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $72,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Stifel Nicolaus raised their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $362.60.

Insider Buying and Selling

In other news, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

NYSE:CW traded down $2.89 during trading on Friday, reaching $358.35. The company's stock had a trading volume of 411,808 shares, compared to its average volume of 225,014. Curtiss-Wright Co. has a 12 month low of $209.01 and a 12 month high of $393.40. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 33.90 and a beta of 1.17. The firm has a 50 day moving average of $342.77 and a 200-day moving average of $303.72. 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 Dividend Announcement

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

About Curtiss-Wright

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.