Curtiss-Wright Co. (NYSE:CW) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in Curtiss-Wright Co. (NYSE:CW) by 10.2% in the 3rd quarter, Holdings Channel reports. The fund owned 50,274 shares of the aerospace company’s stock after purchasing an additional 4,656 shares during the period. Curtiss-Wright makes up about 0.4% of Algert Global LLC’s investment portfolio, making the stock its 11th biggest position. Algert Global LLC’s holdings in Curtiss-Wright were worth $16,525,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in Curtiss-Wright in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the period. Tsfg LLC grew its holdings in 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 buying an additional 67 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Truist Financial lifted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $364.40.

Insider Activity

In other Curtiss-Wright 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 sale, 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 filing with the SEC, which is available through this link. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $370.76 on Friday. Curtiss-Wright Co. has a twelve month low of $209.01 and a twelve month high of $393.40. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 35.08 and a beta of 1.17. 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 firm’s fifty day simple moving average is $348.89 and its 200 day simple moving average is $306.83.

Curtiss-Wright Announces Dividend

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. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Curtiss-Wright 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.