Curtiss-Wright Co. (NYSE:CW) Position Boosted by Atria Investments Inc

Atria Investments Inc raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 37.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,743 shares of the aerospace company’s stock after purchasing an additional 1,022 shares during the quarter. Atria Investments Inc’s holdings in Curtiss-Wright were worth $1,230,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Curtiss-Wright by 9.8% during the third quarter. Assetmark Inc. now owns 5,829 shares of the aerospace company’s stock worth $1,916,000 after buying an additional 519 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in shares of Curtiss-Wright by 142.9% in the third quarter. Portside Wealth Group LLC now owns 2,116 shares of the aerospace company’s stock worth $696,000 after buying an additional 1,245 shares during the period. Radnor Capital Management LLC purchased a new position in shares of Curtiss-Wright in the third quarter worth approximately $2,347,000. Marks Group Wealth Management Inc acquired a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $9,315,000. Finally, Van ECK Associates Corp lifted its position in shares of Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after acquiring an additional 56,966 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Morgan Stanley increased their target price 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. Truist Financial boosted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.60.

Curtiss-Wright Price Performance

NYSE CW opened at $358.35 on Friday. Curtiss-Wright Co. has a fifty-two week low of $209.01 and a fifty-two week high of $393.40. The stock’s 50-day moving average is $342.77 and its two-hundred day moving average is $303.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market cap of $13.60 billion, a P/E ratio of 33.90 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Curtiss-Wright Company 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.