Curtiss-Wright Co. (NYSE:CW) Stake Decreased by Independent Advisor Alliance

Independent Advisor Alliance trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 30.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822 shares of the aerospace company’s stock after selling 365 shares during the quarter. Independent Advisor Alliance’s holdings in Curtiss-Wright were worth $270,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after buying an additional 5,437 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Curtiss-Wright by 144.8% during the third quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 391 shares in the last quarter. Algert Global LLC lifted its position in Curtiss-Wright by 10.2% in the third quarter. Algert Global LLC now owns 50,274 shares of the aerospace company’s stock worth $16,525,000 after purchasing an additional 4,656 shares during the period. Cerity Partners LLC boosted its stake in Curtiss-Wright by 20.9% during the 3rd quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock valued at $2,189,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Curtiss-Wright by 6.4% during the 3rd quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company’s stock valued at $18,426,000 after purchasing an additional 3,362 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction that occurred 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 owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 1.0 %

Curtiss-Wright stock opened at $371.37 on Friday. The company has a 50 day moving average price of $352.41 and a 200 day moving average price of $309.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 52 week low of $209.01 and a 52 week high of $393.40. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 35.13 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is 7.95%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CW shares. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Truist Financial increased their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $364.40.

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.