New Hampshire Trust Has $345,000 Stake in Curtiss-Wright Co. (NYSE:CW)

New Hampshire Trust cut its position in Curtiss-Wright Co. (NYSE:CW) by 17.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 971 shares of the aerospace company’s stock after selling 210 shares during the quarter. New Hampshire Trust’s holdings in Curtiss-Wright were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CW. Magnetar Financial LLC acquired a new position in Curtiss-Wright during the second quarter valued at approximately $3,025,000. Oppenheimer & Co. Inc. acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $542,000. MML Investors Services LLC lifted its position in shares of Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after buying an additional 1,754 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after buying an additional 5,437 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Curtiss-Wright by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock valued at $39,161,000 after acquiring an additional 10,642 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial increased their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $383.00.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 116 shares of company stock worth $35,278. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Up 0.3 %

Shares of CW stock opened at $366.88 on Tuesday. The stock has a 50-day moving average of $363.45 and a 200-day moving average of $332.38. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $220.90 and a 1-year high of $393.40.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s payout ratio 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.