Advisors Asset Management Inc. Trims Position in Curtiss-Wright Co. (NYSE:CW)

Advisors Asset Management Inc. decreased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,507 shares of the aerospace company’s stock after selling 468 shares during the quarter. Advisors Asset Management Inc.’s holdings in Curtiss-Wright were worth $4,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CW. CANADA LIFE ASSURANCE Co grew its holdings in shares of Curtiss-Wright by 1.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,598 shares of the aerospace company’s stock worth $6,047,000 after purchasing an additional 311 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Curtiss-Wright by 4,028.8% during the first quarter. 1832 Asset Management L.P. now owns 7,019 shares of the aerospace company’s stock worth $1,796,000 after purchasing an additional 6,849 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Curtiss-Wright by 70.9% during the first quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock worth $51,767,000 after purchasing an additional 83,882 shares in the last quarter. Aristides Capital LLC purchased a new position in shares of Curtiss-Wright during the first quarter worth about $283,000. Finally, Kingdon Capital Management L.L.C. grew its holdings in shares of Curtiss-Wright by 16.1% during the first quarter. Kingdon Capital Management L.L.C. now owns 33,978 shares of the aerospace company’s stock worth $8,696,000 after purchasing an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $367.75 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a fifty-two week low of $209.01 and a fifty-two week high of $393.40. The stock has a 50 day moving average price of $347.67 and a two-hundred day moving average price of $306.16. The company has a market capitalization of $13.96 billion, a P/E ratio of 34.79 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Truist Financial boosted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. 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. Finally, Robert W. Baird boosted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $364.40.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

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.