Campbell Newman Asset Management Inc. Has $2.90 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Campbell Newman Asset Management Inc. cut its position in Curtiss-Wright Co. (NYSE:CW) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,175 shares of the aerospace company’s stock after selling 46 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Curtiss-Wright were worth $2,901,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CW. International Assets Investment Management LLC increased its stake in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $47,220,000. Allspring Global Investments Holdings LLC grew its holdings in Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after purchasing an additional 85,013 shares during the period. Finally, Millennium Management LLC increased its holdings in Curtiss-Wright by 37.0% in the 2nd quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock worth $64,815,000 after acquiring an additional 64,619 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value 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 approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock valued at $35,278. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Finally, StockNews.com downgraded 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.00.

Curtiss-Wright Stock Up 2.1 %

NYSE:CW traded up $7.69 during mid-day trading on Wednesday, reaching $367.28. The company’s stock had a trading volume of 23,904 shares, compared to its average volume of 253,960. The stock has a fifty day moving average of $364.85 and a 200-day moving average of $329.13. 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 has a market capitalization of $13.94 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.92 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $217.57 and a 1 year high of $393.40.

Curtiss-Wright Announces Dividend

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

Curtiss-Wright Company 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.