Sumitomo Mitsui Trust Group Inc. Has $64.68 Million Position in Curtiss-Wright Co. (NYSE:CW)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Curtiss-Wright Co. (NYSE:CW) by 29.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 182,252 shares of the aerospace company’s stock after selling 76,699 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Curtiss-Wright were worth $64,676,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 29 shares in the last quarter. Tidal Investments LLC grew 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. CIBC Asset Management Inc raised its position in shares of Curtiss-Wright by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after buying an additional 37 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after buying an additional 37 shares during the period. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CW. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted 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. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Price Performance

Shares of CW stock opened at $354.87 on Monday. The company has a market capitalization of $13.47 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $224.18 and a 12 month high of $393.40. The stock has a 50 day moving average of $359.90 and a two-hundred day moving average of $340.00.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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 owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company’s stock.

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.