Hantz Financial Services Inc. Purchases 28,588 Shares of Curtiss-Wright Co. (NYSE:CW)

Hantz Financial Services Inc. grew its stake in Curtiss-Wright Co. (NYSE:CW) by 532.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,960 shares of the aerospace company’s stock after purchasing an additional 28,588 shares during the period. Hantz Financial Services Inc.’s holdings in Curtiss-Wright were worth $11,162,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 in the 3rd quarter valued at $10,115,000. Bridgewater Associates LP increased its holdings in shares of 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 acquiring an additional 17,574 shares during the period. Townsquare Capital LLC increased its holdings in shares of 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 acquiring an additional 9,387 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $59,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Down 1.0 %

Curtiss-Wright stock opened at $371.37 on Friday. Curtiss-Wright Co. has a twelve month low of $209.01 and a twelve month high of $393.40. The stock’s fifty day simple moving average is $352.41 and its 200-day simple moving average is $309.06. 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 firm has a market capitalization of $14.09 billion, a P/E ratio of 35.13 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated 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 owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CW has been the subject of a number of research reports. Alembic Global Advisors initiated 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. Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. 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. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.40.

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.