Quest Partners LLC Sells 3,120 Shares of Curtiss-Wright Co. (NYSE:CW)

Quest Partners LLC cut its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 25.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,068 shares of the aerospace company's stock after selling 3,120 shares during the quarter. Quest Partners LLC's holdings in Curtiss-Wright were worth $2,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock valued at $28,000 after buying an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock worth $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CW. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Stifel Nicolaus cut 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. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $364.40.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business's stock in a transaction 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 owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded down $5.24 during mid-day trading on Monday, reaching $353.11. 267,334 shares of the company traded hands, compared to its average volume of 225,205. Curtiss-Wright Co. has a 52 week low of $209.01 and a 52 week high of $393.40. The firm has a market cap of $13.40 billion, a PE ratio of 33.41 and a beta of 1.17. The company's 50 day moving average price is $343.87 and its 200-day moving average price is $304.68. 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 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) is 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.