Independent Advisor Alliance Has $270,000 Position in Curtiss-Wright Co. (NYSE:CW)

Independent Advisor Alliance cut its holdings in Curtiss-Wright Co. (NYSE:CW) by 30.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Stifel Nicolaus lowered 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. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. 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 report on Tuesday, November 5th. Finally, Truist Financial increased 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $364.40.

Curtiss-Wright Stock Down 1.0 %

CW opened at $371.37 on Friday. The firm’s fifty day moving average price is $352.41 and its two-hundred day moving average price is $309.06. The company has a market capitalization of $14.09 billion, a P/E ratio of 35.13 and a beta of 1.17. Curtiss-Wright Co. has a fifty-two week low of $209.01 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on 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 in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.