Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its position in Curtiss-Wright Co. (NYSE:CW) by 6.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 56,058 shares of the aerospace company’s stock after buying an additional 3,362 shares during the quarter. Citigroup Inc.’s holdings in Curtiss-Wright were worth $18,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tsfg LLC boosted its position in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the period. Versant Capital Management Inc raised its stake in Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. raised its stake in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the second quarter worth $30,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.9 %

Curtiss-Wright stock opened at $374.77 on Wednesday. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 35.46 and a beta of 1.17. Curtiss-Wright Co. has a 1 year low of $209.01 and a 1 year high of $393.40. The firm’s 50 day moving average price is $350.07 and its two-hundred day moving average price is $307.94. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Insider Activity

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com cut 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 given a buy rating to the stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $364.40.

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.