Daiwa Securities Group Inc. Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Daiwa Securities Group Inc. boosted its position in Curtiss-Wright Co. (NYSE:CW) by 144.8% during the 3rd quarter, Holdings Channel reports. The fund owned 661 shares of the aerospace company’s stock after acquiring an additional 391 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Curtiss-Wright were worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new position in Curtiss-Wright during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC grew its holdings in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, 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 value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Trading Up 0.6 %

Shares of Curtiss-Wright stock opened at $373.63 on Monday. Curtiss-Wright Co. has a fifty-two week low of $211.41 and a fifty-two week high of $393.40. The business’s fifty day moving average is $354.39 and its two-hundred day moving average is $310.45. 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 cap of $14.18 billion, a PE ratio of 35.35 and a beta of 1.17.

Curtiss-Wright Announces Dividend

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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Finally, Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have issued 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 $364.40.

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.