The Manufacturers Life Insurance Company Trims Stake in Curtiss-Wright Co. (NYSE:CW)

The Manufacturers Life Insurance Company decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,848 shares of the aerospace company’s stock after selling 1,103 shares during the period. The Manufacturers Life Insurance Company’s holdings in Curtiss-Wright were worth $10,468,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CW. Tidal Investments LLC purchased a new stake in Curtiss-Wright during the 1st quarter worth about $329,000. Cetera Investment Advisers raised its position in shares of Curtiss-Wright by 204.9% in the first quarter. Cetera Investment Advisers now owns 12,437 shares of the aerospace company’s stock valued at $3,183,000 after buying an additional 8,358 shares during the last quarter. Cetera Advisors LLC lifted its stake 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 buying an additional 2,548 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Curtiss-Wright by 26.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,732 shares of the aerospace company’s stock worth $442,000 after acquiring an additional 362 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CW shares. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $364.40.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the company’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 $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $368.08 on Tuesday. The business’s 50-day simple moving average is $354.39 and its 200-day simple moving average is $310.68. The firm has a market capitalization of $13.97 billion, a P/E ratio of 34.82 and a beta of 1.17. Curtiss-Wright Co. has a 1-year low of $212.05 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright Announces Dividend

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

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.