Fmr LLC Has $52.61 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Fmr LLC boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 27.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,065 shares of the aerospace company’s stock after acquiring an additional 34,706 shares during the period. Fmr LLC’s holdings in Curtiss-Wright were worth $52,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. UMB Bank n.a. lifted 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 valued at $35,000 after purchasing an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at about $30,000. Kennebec Savings Bank acquired a new position in shares of Curtiss-Wright during the third quarter worth about $72,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 97.5% during the second quarter. EverSource Wealth Advisors LLC now owns 241 shares of the aerospace company’s stock worth $71,000 after buying an additional 119 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CW shares. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. 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 research report on Monday, November 18th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday. They set a “buy” rating and a $452.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $379.00.

Curtiss-Wright Stock Performance

Shares of CW opened at $376.01 on Friday. The company has a market cap of $14.27 billion, a PE ratio of 35.57 and a beta of 1.18. The firm has a 50-day moving average of $359.17 and a 200-day moving average of $313.79. Curtiss-Wright Co. has a one year low of $212.05 and a one 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 was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. Curtiss-Wright’s payout ratio is 7.95%.

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.