Fifth Third Bancorp Sells 45 Shares of Curtiss-Wright Co. (NYSE:CW)

Fifth Third Bancorp lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 864 shares of the aerospace company’s stock after selling 45 shares during the quarter. Fifth Third Bancorp’s holdings in Curtiss-Wright were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CW. Tsfg LLC increased its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares during the last quarter. UMB Bank n.a. raised its holdings in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the third quarter worth about $59,000. Finally, Quarry LP raised its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Citigroup started coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright 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 transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of the 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 sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 116 shares of company stock valued at $35,278 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Up 0.3 %

Shares of NYSE:CW opened at $347.72 on Friday. The firm has a 50 day simple moving average of $362.20 and a 200 day simple moving average of $336.83. Curtiss-Wright Co. has a 52 week low of $220.90 and a 52 week high of $393.40. 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 cap of $13.20 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is currently 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.