MML Investors Services LLC Acquires 1,754 Shares of Curtiss-Wright Co. (NYSE:CW)

MML Investors Services LLC lifted its holdings in Curtiss-Wright Co. (NYSE:CW) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,786 shares of the aerospace company’s stock after purchasing an additional 1,754 shares during the period. MML Investors Services LLC’s holdings in Curtiss-Wright were worth $3,217,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CW. International Assets Investment Management LLC lifted its stake in shares of Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after acquiring an additional 301,394 shares during the period. Congress Asset Management Co. raised its stake 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 acquiring an additional 265,205 shares during the period. World Investment Advisors LLC bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $47,220,000. Finally, Van ECK Associates Corp raised its stake in Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after acquiring an additional 86,955 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.2 %

Curtiss-Wright stock opened at $366.92 on Friday. The firm’s 50 day moving average price is $362.34 and its 200-day moving average price is $316.84. Curtiss-Wright Co. has a 1 year low of $212.05 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a market cap of $13.92 billion, a P/E ratio of 34.71, a PEG ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CW. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Morgan Stanley raised 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. Truist Financial lifted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $379.00.

Insider Activity 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 transaction of $148,134.60. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, 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. 0.67% of the stock is currently owned by 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.