State Street Corp Has $498.04 Million Position in Curtiss-Wright Co. (NYSE:CW)

State Street Corp reduced its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,514,261 shares of the aerospace company's stock after selling 7,616 shares during the period. State Street Corp owned approximately 3.99% of Curtiss-Wright worth $498,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of Curtiss-Wright during the third quarter worth $82,000. Quantinno Capital Management LP raised its stake in Curtiss-Wright by 9.5% in the 3rd quarter. Quantinno Capital Management LP now owns 19,891 shares of the aerospace company's stock worth $6,538,000 after purchasing an additional 1,722 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Curtiss-Wright in the 3rd quarter worth about $69,000. IHT Wealth Management LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $229,000. Finally, HighTower Advisors LLC grew its position in shares of Curtiss-Wright by 16.9% during the 3rd quarter. HighTower Advisors LLC now owns 12,794 shares of the aerospace company's stock worth $4,216,000 after purchasing an additional 1,849 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CW shares. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target on the stock. Truist Financial raised their price target on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday. They issued a "buy" rating and a $452.00 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, Stifel Nicolaus downgraded shares of 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $379.00.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright 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 transaction, the vice president now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW traded down $9.42 during mid-day trading on Monday, reaching $366.59. The company had a trading volume of 521,956 shares, compared to its average volume of 226,470. The company's 50 day simple moving average is $359.17 and its 200 day simple moving average is $314.02. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 35.57 and a beta of 1.18. 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.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright's payout ratio is presently 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.