Advisors Asset Management Inc. Decreases Stake in Curtiss-Wright Co. (NYSE:CW)

Advisors Asset Management Inc. lowered its holdings in 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 (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Curtiss-Wright in the second quarter worth $41,383,000. Cetera Advisors LLC increased its position in Curtiss-Wright by 178.7% during the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after acquiring an additional 2,548 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Curtiss-Wright by 30,079.2% during 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 acquiring an additional 301,394 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Curtiss-Wright during the second quarter valued at $3,025,000. Finally, Sequoia Financial Advisors LLC increased 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 valued at $1,753,000 after acquiring an additional 3,784 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, 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 is available at this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CW shares. 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. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Truist Financial boosted their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $364.40.

Curtiss-Wright Stock Performance

NYSE:CW opened at $367.75 on Friday. The firm has a market capitalization of $13.96 billion, a PE ratio of 34.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a 50-day simple moving average of $347.67 and a two-hundred day simple moving average of $306.16. Curtiss-Wright Co. has a 52-week low of $209.01 and a 52-week high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

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.