Central Pacific Bank Trust Division Cuts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Central Pacific Bank Trust Division trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,380 shares of the aerospace company’s stock after selling 170 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Curtiss-Wright were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CW. GAMMA Investing LLC grew its holdings in shares of Curtiss-Wright by 13.4% in the fourth quarter. GAMMA Investing LLC now owns 577 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 68 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Curtiss-Wright by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock worth $39,161,000 after acquiring an additional 10,642 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Curtiss-Wright in the third quarter worth $230,000. Franklin Resources Inc. increased its position in shares of Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Stifel Nicolaus lowered 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. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft assumed 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. Finally, Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have given 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.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated 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 $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 0.5 %

Shares of Curtiss-Wright stock opened at $349.42 on Friday. The company has a fifty day simple moving average of $364.83 and a 200-day simple moving average of $325.26. Curtiss-Wright Co. has a 12-month low of $212.05 and a 12-month high of $393.40. 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 stock has a market cap of $13.26 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, November 22nd. 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.