UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,266 shares of the aerospace company's stock after acquiring an additional 10,385 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Curtiss-Wright worth $39,530,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CW. Assenagon Asset Management S.A. bought a new position in Curtiss-Wright during the second quarter worth about $41,383,000. Cetera Advisors LLC increased its holdings in shares of Curtiss-Wright by 178.7% during the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company's stock worth $1,017,000 after purchasing an additional 2,548 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock valued at $81,943,000 after buying an additional 301,394 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $3,025,000. Finally, Sequoia Financial Advisors LLC grew its position in Curtiss-Wright by 140.9% during the second quarter. Sequoia Financial Advisors LLC now owns 6,469 shares of the aerospace company's stock worth $1,753,000 after buying an additional 3,784 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Truist Financial upped their price objective 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. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Robert W. Baird upped their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $364.40.
Get Our Latest Report on CW
Insiders Place Their Bets
In related 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 sale, the vice president now owns 4,183 shares of the company's stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.55% of the company's stock.
Curtiss-Wright Price Performance
Shares of CW stock traded up $7.22 on Wednesday, reaching $378.23. The company had a trading volume of 101,718 shares, compared to its average volume of 224,813. The stock has a market capitalization of $14.35 billion, a PE ratio of 35.11 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business's 50-day moving average is $355.98 and its 200 day moving average is $311.98. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40.
Curtiss-Wright Dividend Announcement
The business also recently announced 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 was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's dividend payout ratio is currently 7.95%.
Curtiss-Wright Company Profile
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Free Report)
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.
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