Curtiss-Wright Co. (NYSE:CW) is Systematic Financial Management LP's 10th Largest Position

Systematic Financial Management LP cut its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,347 shares of the aerospace company's stock after selling 1,383 shares during the period. Curtiss-Wright comprises about 1.2% of Systematic Financial Management LP's investment portfolio, making the stock its 10th largest position. Systematic Financial Management LP owned 0.39% of Curtiss-Wright worth $48,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC purchased a new position in shares of Curtiss-Wright during the second quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock worth $31,000 after purchasing an additional 116 shares during the last quarter. Tsfg LLC grew its stake in Curtiss-Wright by 191.4% in 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. UMB Bank n.a. raised its holdings in 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 purchasing an additional 79 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the third quarter valued at about $59,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

CW traded up $0.99 during midday trading on Thursday, hitting $380.17. 171,268 shares of the company were exchanged, compared to its average volume of 224,705. Curtiss-Wright Co. has a 1-year low of $212.05 and a 1-year high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 35.89 and a beta of 1.18. The company's 50 day simple moving average is $357.08 and its 200 day simple moving average is $312.45.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.22%. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Insider Activity

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright 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 sale, the vice president now owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This trade 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 the SEC website. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CW shares. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday. They issued a "buy" rating and a $452.00 price target for the company. Finally, Robert W. Baird upped their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and a consensus target price of $379.00.

Curtiss-Wright 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.