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

Oppenheimer Asset Management Inc. raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 487.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,277 shares of the aerospace company’s stock after purchasing an additional 7,699 shares during the period. 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.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $222,000. Victory Capital Management Inc. raised its position in shares of Curtiss-Wright by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock valued at $12,248,000 after acquiring an additional 6,368 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Curtiss-Wright by 21.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 22,139 shares of the aerospace company’s stock valued at $7,277,000 after acquiring an additional 3,936 shares during the period. Versor Investments LP acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $329,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $72,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were 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 directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $358.15 on Friday. The stock has a market capitalization of $13.59 billion, a P/E ratio of 33.88 and a beta of 1.17. Curtiss-Wright Co. has a twelve month low of $209.01 and a twelve month high of $393.40. The company has a 50 day moving average of $342.77 and a 200-day moving average of $303.37. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on CW. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus increased their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. 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 target price for the company. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.60.

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.