Connective Portfolio Management LLC decreased its position in Curtiss-Wright Co. (NYSE:CW – Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the aerospace company’s stock after selling 1,300 shares during the quarter. Connective Portfolio Management LLC’s holdings in Curtiss-Wright were worth $639,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Congress Asset Management Co. increased its holdings in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after purchasing an additional 265,205 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $47,220,000. Allspring Global Investments Holdings LLC increased its stake in shares of Curtiss-Wright by 91.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after buying an additional 85,013 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock valued at $64,815,000 after acquiring an additional 64,619 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.
Curtiss-Wright Stock Performance
CW stock opened at $361.83 on Thursday. The stock has a market cap of $13.73 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.92 and a beta of 1.19. 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 firm has a 50 day simple moving average of $364.84 and a 200 day simple moving average of $329.75. Curtiss-Wright Co. has a 52 week low of $217.57 and a 52 week high of $393.40.
Curtiss-Wright Dividend Announcement
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CW. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday. Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Finally, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. 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, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $383.00.
Read Our Latest Stock Report on CW
Insider Buying and Selling at Curtiss-Wright
In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on 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 approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought 116 shares of company stock worth $35,278 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.
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.
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