Oppenheimer Asset Management Inc. Makes New $353,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Oppenheimer Asset Management Inc. acquired a new position in Curtiss-Wright Co. (NYSE:CWFree Report) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,806 shares of the aerospace company’s stock, valued at approximately $353,000.

A number of other institutional investors have also bought and sold shares of CW. American Century Companies Inc. increased its stake in Curtiss-Wright by 16.9% in the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after buying an additional 593 shares in the last quarter. US Bancorp DE increased its stake in Curtiss-Wright by 15.4% in the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock worth $849,000 after buying an additional 756 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Curtiss-Wright by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 121 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Curtiss-Wright in the 1st quarter worth $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Curtiss-Wright by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after buying an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Curtiss-Wright Stock Up 1.0 %

CW opened at $228.82 on Friday. The firm has a 50-day simple moving average of $221.29 and a two-hundred day simple moving average of $209.67. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $228.93. The company has a market capitalization of $8.75 billion, a PE ratio of 25.68 and a beta of 1.18. The company has a quick ratio of 1.30, a current ratio of 1.99 and a debt-to-equity ratio of 0.48.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, March 27th. Curtiss-Wright’s payout ratio is 8.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Truist Financial increased their price objective on shares of Curtiss-Wright from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Buy” and an average target price of $237.75.

Get Our Latest Research Report on CW

Curtiss-Wright Company Profile

(Free Report)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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