Mutual of America Capital Management LLC Decreases Stock Position in Curtiss-Wright Co. (NYSE:CW)

Mutual of America Capital Management LLC lowered its position in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,446 shares of the aerospace company’s stock after selling 2,934 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Curtiss-Wright worth $4,782,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CW. First Horizon Advisors Inc. increased its holdings in shares of Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after buying an additional 132 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Curtiss-Wright in the second quarter worth about $28,000. FSC Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright in the third quarter worth about $32,000. Wellington Shields & Co. LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $43,000. Finally, AXS Investments LLC purchased a new position in shares of Curtiss-Wright in the second quarter worth about $48,000. Institutional investors own 80.82% of the company’s stock.

Curtiss-Wright Stock Down 0.1 %

CW stock opened at $228.62 on Tuesday. Curtiss-Wright Co. has a fifty-two week low of $157.72 and a fifty-two week high of $229.92. The business’s 50 day moving average price is $221.51 and its two-hundred day moving average price is $210.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.30 and a current ratio of 1.99. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 25.66 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

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

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Curtiss-Wright from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Truist Financial boosted their price target on Curtiss-Wright from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.

Further Reading

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

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