Quest Partners LLC Trims Stock Position in Curtiss-Wright Co. (NYSE:CW)

Quest Partners LLC trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 25.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,068 shares of the aerospace company’s stock after selling 3,120 shares during the period. Quest Partners LLC’s holdings in Curtiss-Wright were worth $2,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of Curtiss-Wright by 110.6% during the 3rd quarter. Natixis Advisors LLC now owns 30,939 shares of the aerospace company’s stock worth $10,169,000 after purchasing an additional 16,245 shares during the period. CIBC Asset Management Inc lifted its position in Curtiss-Wright by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after buying an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after buying an additional 37 shares during the period. ING Groep NV increased its position in shares of Curtiss-Wright by 36.4% during the third quarter. ING Groep NV now owns 30,000 shares of the aerospace company’s stock valued at $9,861,000 after acquiring an additional 8,000 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Curtiss-Wright by 8.6% during the third quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In other 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 transaction 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 approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 0.8 %

CW opened at $358.35 on Monday. The business has a fifty day moving average price of $342.77 and a 200 day moving average price of $304.05. 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 Co. has a 12 month low of $209.01 and a 12 month high of $393.40. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 33.90 and a beta of 1.17.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CW shares. Morgan Stanley increased their price objective 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 started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Robert W. Baird lifted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Truist Financial increased their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $362.60.

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.