Blue Trust Inc. Increases Holdings in Curtiss-Wright Co. (NYSE:CW)

Blue Trust Inc. boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 68.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 582 shares of the aerospace company’s stock after buying an additional 236 shares during the quarter. Blue Trust Inc.’s holdings in Curtiss-Wright were worth $191,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CW. Tsfg LLC boosted its holdings in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright during the 3rd quarter worth $59,000. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $69,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.2 %

Shares of CW opened at $345.63 on Wednesday. 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 has a market cap of $13.12 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company’s 50-day moving average price is $361.10 and its 200 day moving average price is $338.51. Curtiss-Wright Co. has a 12-month low of $220.90 and a 12-month high of $393.40.

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, 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. Insiders bought 116 shares of company stock worth $35,278 in the last three months. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a report on Monday, November 18th. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Company 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.