Curtiss-Wright Co. (NYSE:CW) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 14.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 258,951 shares of the aerospace company’s stock after selling 43,445 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Curtiss-Wright were worth $85,115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CW. Assenagon Asset Management S.A. purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $41,383,000. Cetera Advisors LLC boosted its position in shares of Curtiss-Wright by 178.7% in the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 2,548 shares during the period. Vanguard Group Inc. raised its position in Curtiss-Wright by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after buying an additional 18,939 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after acquiring an additional 301,394 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $3,025,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 6.3 %

Shares of NYSE:CW opened at $361.14 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.71 billion, a PE ratio of 34.17 and a beta of 1.17. Curtiss-Wright Co. has a 1 year low of $209.01 and a 1 year high of $393.40. The firm has a fifty day moving average price of $341.49 and a 200 day moving average price of $302.67.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is 7.95%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the firm’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 transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CW. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. 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 report on Friday, November 1st. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $362.60.

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.