State Street Corp Trims Holdings in Curtiss-Wright Co. (NYSE:CW)

State Street Corp decreased its holdings in Curtiss-Wright Co. (NYSE:CW) by 0.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,514,261 shares of the aerospace company’s stock after selling 7,616 shares during the quarter. State Street Corp’s holdings in Curtiss-Wright were worth $498,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC increased its stake in shares of Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares during the period. CIBC Asset Management Inc increased its stake in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after buying an additional 37 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after buying an additional 37 shares during the period. Pathstone Holdings LLC increased its stake in shares of Curtiss-Wright by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock valued at $1,442,000 after buying an additional 45 shares during the period. Finally, Dorsey Wright & Associates increased its stake in shares of Curtiss-Wright by 0.4% during the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock valued at $3,523,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $376.01 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market capitalization of $14.27 billion, a PE ratio of 35.57 and a beta of 1.18. The business’s 50-day moving average is $359.17 and its two-hundred day moving average is $314.02. Curtiss-Wright Co. has a 1 year low of $212.05 and a 1 year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday. They set a “buy” rating and a $452.00 price target on the stock. Truist Financial raised their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $379.00.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the firm’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 sale, the vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.