Janney Montgomery Scott LLC boosted its position in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,585 shares of the aerospace company’s stock after acquiring an additional 327 shares during the period. Janney Montgomery Scott LLC’s holdings in Curtiss-Wright were worth $638,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meritage Portfolio Management raised its stake in Curtiss-Wright by 3.1% during the 3rd quarter. Meritage Portfolio Management now owns 3,234 shares of the aerospace company’s stock worth $450,000 after acquiring an additional 97 shares during the period. Ziegler Capital Management LLC raised its stake in Curtiss-Wright by 7.5% during the 3rd quarter. Ziegler Capital Management LLC now owns 9,939 shares of the aerospace company’s stock worth $1,383,000 after acquiring an additional 695 shares during the period. Raymond James & Associates raised its position in shares of Curtiss-Wright by 5.2% during the third quarter. Raymond James & Associates now owns 63,763 shares of the aerospace company’s stock valued at $8,873,000 after buying an additional 3,144 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $276,000. Finally, Calamos Advisors LLC raised its position in shares of Curtiss-Wright by 199.1% during the third quarter. Calamos Advisors LLC now owns 22,644 shares of the aerospace company’s stock valued at $3,150,000 after buying an additional 15,073 shares during the last quarter. Institutional investors own 84.95% of the company’s stock.
Curtiss-Wright Trading Up 1.0 %
CW stock opened at $159.19 on Friday. The firm has a fifty day moving average price of $169.63 and a 200 day moving average price of $155.56. Curtiss-Wright Co. has a fifty-two week low of $124.37 and a fifty-two week high of $182.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.68. The firm has a market cap of $6.10 billion, a PE ratio of 23.65 and a beta of 1.26.
Curtiss-Wright Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Wednesday, November 23rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date was Tuesday, November 22nd. Curtiss-Wright’s payout ratio is 11.29%.
Analysts Set New Price Targets
Several research firms have recently issued reports on CW. Morgan Stanley cut shares of Curtiss-Wright from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $187.00 to $188.00 in a research report on Monday, December 12th. Wolfe Research began coverage on shares of Curtiss-Wright in a research report on Monday, October 10th. They set an “outperform” rating and a $170.00 price objective on the stock. StockNews.com began coverage on shares of Curtiss-Wright in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $162.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $157.00 to $186.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.00.
Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
- Get a free copy of the StockNews.com research report on Curtiss-Wright (CW)
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