JPMorgan Chase & Co. Buys 10,642 Shares of Curtiss-Wright Co. (NYSE:CW)

JPMorgan Chase & Co. grew its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 9.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,142 shares of the aerospace company’s stock after acquiring an additional 10,642 shares during the period. JPMorgan Chase & Co.’s holdings in Curtiss-Wright were worth $39,161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in Curtiss-Wright in the third quarter worth $230,000. Franklin Resources Inc. raised its stake in Curtiss-Wright by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock valued at $115,469,000 after acquiring an additional 22,543 shares during the period. Tidal Investments LLC lifted its holdings in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the third quarter worth about $53,000. Finally, World Investment Advisors LLC bought a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $47,220,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $349.42 on Monday. Curtiss-Wright Co. has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The firm’s fifty day moving average price is $364.83 and its 200-day moving average price is $325.92. The stock has a market cap of $13.26 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend 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%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CW. Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Finally, Truist Financial lifted 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 five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.00.

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.