Curtiss-Wright Co. (NYSE:CW) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its position in Curtiss-Wright Co. (NYSE:CW) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,380 shares of the aerospace company’s stock after selling 170 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Curtiss-Wright were worth $490,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CW. Magnetar Financial LLC acquired a new position in Curtiss-Wright during the second quarter worth $3,025,000. Oppenheimer & Co. Inc. acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $542,000. Fisher Asset Management LLC increased its holdings in shares of Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares during the period. Finally, Freemont Management S.A. boosted its holdings in Curtiss-Wright by 154.5% during the third quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock worth $1,841,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 0.5 %

Shares of NYSE:CW opened at $349.42 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.26 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.96 and a beta of 1.18. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The stock’s fifty day simple moving average is $364.83 and its 200-day simple moving average is $325.26.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Watts sold 412 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research reports. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

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.