Nordea Investment Management AB Has $9.33 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Nordea Investment Management AB lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,934 shares of the aerospace company’s stock after acquiring an additional 335 shares during the period. Nordea Investment Management AB owned approximately 0.07% of Curtiss-Wright worth $9,330,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CW. Magnetar Financial LLC bought a new stake in Curtiss-Wright in the second quarter valued at approximately $3,025,000. MML Investors Services LLC boosted its stake in Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Curtiss-Wright during the third quarter worth $542,000. Fisher Asset Management LLC increased its position in Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares during the period. Finally, Freemont Management S.A. boosted its holdings in Curtiss-Wright by 154.5% in the 3rd quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock valued at $1,841,000 after purchasing an additional 3,400 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

NYSE CW opened at $351.41 on Friday. The company has a market cap of $13.34 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $364.82 and its two-hundred day simple moving average is $327.30. Curtiss-Wright Co. has a 52 week low of $212.05 and a 52 week high of $393.40.

Curtiss-Wright Dividend Announcement

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

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on 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. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 116 shares of company stock valued at $35,278 over the last three months. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Truist Financial upped 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. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. 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 note on Monday, November 18th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $379.00.

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.