New Hampshire Trust Sells 210 Shares of Curtiss-Wright Co. (NYSE:CW)

New Hampshire Trust trimmed its position in Curtiss-Wright Co. (NYSE:CW) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 971 shares of the aerospace company’s stock after selling 210 shares during the quarter. New Hampshire Trust’s holdings in Curtiss-Wright were worth $345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Magnetar Financial LLC bought a new stake in Curtiss-Wright during the 2nd quarter valued at $3,025,000. Oppenheimer & Co. Inc. bought a new stake in shares of Curtiss-Wright during the third quarter worth about $542,000. MML Investors Services LLC raised its holdings in shares of Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after acquiring an additional 1,754 shares during the last quarter. Fisher Asset Management LLC lifted its position in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after acquiring an additional 5,437 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Curtiss-Wright by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock valued at $39,161,000 after purchasing an additional 10,642 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred 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 owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 116 shares of company stock worth $35,278. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $366.88 on Tuesday. 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 company has a market capitalization of $13.92 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a 52-week low of $220.90 and a 52-week high of $393.40. The company has a 50-day simple moving average of $363.45 and a 200 day simple moving average of $332.38.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $383.00.

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.