Verition Fund Management LLC Sells 5,345 Shares of Curtiss-Wright Co. (NYSE:CW)

Verition Fund Management LLC cut its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 71.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,113 shares of the aerospace company's stock after selling 5,345 shares during the period. Verition Fund Management LLC's holdings in Curtiss-Wright were worth $695,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC raised its stake in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 303.8% in 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 period. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the third quarter worth $59,000. Finally, Kennebec Savings Bank bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $72,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of CW stock traded up $0.70 during mid-day trading on Tuesday, reaching $367.30. The stock had a trading volume of 235,736 shares, compared to its average volume of 226,509. The firm has a market cap of $13.94 billion, a PE ratio of 34.75 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. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. The firm's 50 day simple moving average is $360.53 and its 200 day simple moving average is $315.23.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.95%.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. 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. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Finally, 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, November 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $379.00.

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.