Oppenheimer & Co. Inc. Invests $542,000 in Curtiss-Wright Co. (NYSE:CW)

Oppenheimer & Co. Inc. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,648 shares of the aerospace company's stock, valued at approximately $542,000.

Several other hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Curtiss-Wright by 487.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,277 shares of the aerospace company's stock valued at $3,049,000 after acquiring an additional 7,699 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new stake in shares of Curtiss-Wright in the third quarter valued at $222,000. Victory Capital Management Inc. boosted its position 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 worth $12,248,000 after buying an additional 6,368 shares during the period. 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 in the last quarter. Finally, Versor Investments LP purchased a new stake in Curtiss-Wright in the 3rd quarter worth about $329,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Down 0.2 %

CW stock opened at $361.24 on Thursday. The company has a 50-day moving average of $346.40 and a two-hundred day moving average of $305.73. Curtiss-Wright Co. has a 52-week low of $209.01 and a 52-week high of $393.40. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 34.18 and a beta of 1.17. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a $0.21 dividend. 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 dividend payout ratio is 7.95%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CW. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a research note on Monday. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. Finally, StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $364.40.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.