Oppenheimer Asset Management Inc. Has $3.05 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Oppenheimer Asset Management Inc. lifted its position in Curtiss-Wright Co. (NYSE:CW) by 487.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,277 shares of the aerospace company’s stock after buying an additional 7,699 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Curtiss-Wright were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CW. International Assets Investment Management LLC increased its holdings in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Curtiss-Wright by 30,079.2% in the 2nd 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 during the period. Congress Asset Management Co. increased its holdings in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares during the period. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright in the 2nd quarter valued at $41,383,000. Finally, Van ECK Associates Corp increased its holdings in Curtiss-Wright by 79.2% in the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock valued at $53,318,000 after buying an additional 86,955 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 0.9 %

Shares of NYSE CW opened at $358.15 on Friday. The firm’s 50-day simple moving average is $342.77 and its 200 day simple moving average is $303.37. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 33.88 and a beta of 1.17. 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 12-month low of $209.01 and a 12-month high of $393.40.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CW. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial upped their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.60.

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.