KBC Group NV Grows Stock Position in Curtiss-Wright Co. (NYSE:CW)

KBC Group NV increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,025 shares of the aerospace company’s stock after purchasing an additional 81 shares during the quarter. KBC Group NV’s holdings in Curtiss-Wright were worth $337,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 29 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Curtiss-Wright by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after buying an additional 46 shares during the last quarter. Dorsey Wright & Associates increased its stake in shares of Curtiss-Wright by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares during the last quarter. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Curtiss-Wright by 6.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 67 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CW shares. Truist Financial raised their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $364.40.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the firm’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 completion of the transaction, the vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 2.5 %

NYSE:CW opened at $361.93 on Wednesday. Curtiss-Wright Co. has a 52 week low of $209.01 and a 52 week high of $393.40. 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 stock’s fifty day moving average is $345.18 and its two-hundred day moving average is $305.34. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 34.24 and a beta of 1.17.

Curtiss-Wright Announces Dividend

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

About Curtiss-Wright

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.