Triasima Portfolio Management inc. Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Triasima Portfolio Management inc. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 850 shares of the aerospace company's stock, valued at approximately $302,000.

A number of other hedge funds have also added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in Curtiss-Wright in the 4th quarter valued at about $31,000. 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 acquiring an additional 67 shares during the period. UMB Bank n.a. increased 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 acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Finally, Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the 3rd quarter worth $59,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CW shares. Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Morgan Stanley boosted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the sale, the chief executive officer now owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kevin Rayment sold 2,664 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the transaction, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded down $2.87 during midday trading on Tuesday, reaching $350.18. The company's stock had a trading volume of 354,045 shares, compared to its average volume of 281,794. The stock has a market capitalization of $13.29 billion, a P/E ratio of 33.13, a PEG ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a 50 day moving average price of $359.19 and a 200-day moving average price of $341.02. Curtiss-Wright Co. has a 12-month low of $225.33 and a 12-month high of $393.40.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is presently 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.