Walleye Capital LLC Buys New Position in Curtiss-Wright Co. (NYSE:CW)

Walleye Capital LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 838 shares of the aerospace company’s stock, valued at approximately $275,000.

A number of other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. boosted its position in Curtiss-Wright by 532.2% during the third quarter. Hantz Financial Services Inc. now owns 33,960 shares of the aerospace company’s stock worth $11,162,000 after purchasing an additional 28,588 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Curtiss-Wright by 9.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,266 shares of the aerospace company’s stock worth $39,530,000 after purchasing an additional 10,385 shares during the period. Castle Hook Partners LP purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $10,115,000. Bridgewater Associates LP boosted its position in Curtiss-Wright by 1,314.4% in the 3rd quarter. Bridgewater Associates LP now owns 18,911 shares of the aerospace company’s stock valued at $6,216,000 after buying an additional 17,574 shares during the period. Finally, Townsquare Capital LLC boosted its position in Curtiss-Wright by 73.6% in the 3rd quarter. Townsquare Capital LLC now owns 22,144 shares of the aerospace company’s stock valued at $7,278,000 after buying an additional 9,387 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $367.30 on Wednesday. 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 quick ratio of 1.39 and a current ratio of 1.98. The company has a 50 day moving average price of $360.53 and a 200 day moving average price of $315.23. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.75 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley boosted 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. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Finally, Stifel Nicolaus cut 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $379.00.

Curtiss-Wright 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.