CIBC Asset Management Inc Purchases 37 Shares of Curtiss-Wright Co. (NYSE:CW)

CIBC Asset Management Inc lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,103 shares of the aerospace company’s stock after purchasing an additional 37 shares during the quarter. CIBC Asset Management Inc’s holdings in Curtiss-Wright were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Curtiss-Wright by 1.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 23,598 shares of the aerospace company’s stock valued at $6,047,000 after buying an additional 311 shares during the period. 1832 Asset Management L.P. increased its holdings in Curtiss-Wright by 4,028.8% during the 1st quarter. 1832 Asset Management L.P. now owns 7,019 shares of the aerospace company’s stock worth $1,796,000 after purchasing an additional 6,849 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Curtiss-Wright by 70.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock valued at $51,767,000 after purchasing an additional 83,882 shares during the period. Aristides Capital LLC acquired a new stake in shares of Curtiss-Wright in the 1st quarter valued at about $283,000. Finally, Kingdon Capital Management L.L.C. boosted its position in shares of Curtiss-Wright by 16.1% during the first quarter. Kingdon Capital Management L.L.C. now owns 33,978 shares of the aerospace company’s stock worth $8,696,000 after buying an additional 4,700 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $367.75 on Friday. The stock has a market cap of $13.96 billion, a P/E ratio of 34.79 and a beta of 1.17. The company has a fifty day moving average price of $347.67 and a two-hundred day moving average price of $306.16. Curtiss-Wright Co. has a one year low of $209.01 and a one 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.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders 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 yield of 0.23%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CW. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $364.40.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

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.