JPMorgan Chase & Co. Acquires 10,642 Shares of Curtiss-Wright Co. (NYSE:CW)

JPMorgan Chase & Co. increased its stake in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,142 shares of the aerospace company’s stock after purchasing an additional 10,642 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.31% of Curtiss-Wright worth $39,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $3,025,000. Oppenheimer & Co. Inc. acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $542,000. Fisher Asset Management LLC grew its holdings in Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares during the last quarter. MML Investors Services LLC increased its position in Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after acquiring an additional 1,754 shares during the period. Finally, Freemont Management S.A. raised its stake in shares of Curtiss-Wright by 154.5% during the third quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock valued at $1,841,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CW. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $379.00.

Get Our Latest Stock Report on CW

Insider Activity

In other Curtiss-Wright news, 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 transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Down 0.5 %

Curtiss-Wright stock opened at $349.42 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.26 billion, a PE ratio of 33.06, a PEG ratio of 2.96 and a beta of 1.19. The firm’s fifty day moving average is $364.83 and its 200 day moving average is $325.92. Curtiss-Wright Co. has a 12-month low of $212.05 and a 12-month high of $393.40.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were paid a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

About Curtiss-Wright

(Free Report)

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

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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