Cerity Partners LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW – Free Report) by 20.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,661 shares of the aerospace company’s stock after purchasing an additional 1,152 shares during the period. Cerity Partners LLC’s holdings in Curtiss-Wright were worth $2,189,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $41,383,000. Cetera Advisors LLC raised its holdings in shares of 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 purchasing an additional 2,548 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after purchasing an additional 301,394 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $3,025,000. Finally, Sequoia Financial Advisors LLC raised its stake in Curtiss-Wright by 140.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,469 shares of the aerospace company’s stock worth $1,753,000 after buying an additional 3,784 shares during the period. 82.71% of the stock is currently owned by institutional investors.
Insider Transactions at Curtiss-Wright
In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction 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 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 represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.67% of the company’s stock.
Curtiss-Wright Stock Performance
Curtiss-Wright Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders 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 dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CW. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Truist Financial upped their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Finally, Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $364.40.
Check Out Our Latest Stock Report on CW
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.
Further Reading
- Five stocks we like better than Curtiss-Wright
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Analog Devices: Why the Uptrend Could Accelerate in 2025
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Texas Pacific Land: Permian Basin Powerhouse With an AI Edge
- Russell 2000 Index, How Investors Use it For Profitable Trading
- ServiceNow: Will the High-Flyer Finally Split in 2024?
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Co. (NYSE:CW – Free Report).
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.