Virtu Financial LLC acquired a new stake in Curtiss-Wright Corp. (NYSE:CW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,589 shares of the aerospace company’s stock, valued at approximately $631,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAM Holding AG boosted its position in shares of Curtiss-Wright by 20.3% during the second quarter. GAM Holding AG now owns 2,734 shares of the aerospace company’s stock worth $325,000 after purchasing an additional 461 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Curtiss-Wright by 1.7% during the third quarter. Arizona State Retirement System now owns 31,229 shares of the aerospace company’s stock worth $4,291,000 after purchasing an additional 534 shares in the last quarter. Raymond James & Associates boosted its position in shares of Curtiss-Wright by 1.2% during the second quarter. Raymond James & Associates now owns 45,785 shares of the aerospace company’s stock worth $5,449,000 after purchasing an additional 548 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Curtiss-Wright by 3.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 17,190 shares of the aerospace company’s stock worth $2,046,000 after acquiring an additional 589 shares during the period. Finally, United Services Automobile Association raised its holdings in shares of Curtiss-Wright by 8.6% during the second quarter. United Services Automobile Association now owns 7,819 shares of the aerospace company’s stock worth $931,000 after acquiring an additional 619 shares during the period. 75.52% of the stock is currently owned by institutional investors.
Shares of NYSE:CW opened at $103.58 on Friday. Curtiss-Wright Corp. has a 12 month low of $100.99 and a 12 month high of $143.38. The company has a current ratio of 2.25, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.60 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.26 and a beta of 1.39.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.58%. Curtiss-Wright’s payout ratio is currently 11.93%.
In other Curtiss-Wright news, CEO David Charles Adams sold 5,620 shares of Curtiss-Wright stock in a transaction on Monday, November 26th. The shares were sold at an average price of $108.70, for a total value of $610,894.00. Following the sale, the chief executive officer now directly owns 87,784 shares in the company, valued at approximately $9,542,120.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce D. Hoechner purchased 470 shares of the stock in a transaction on Thursday, November 15th. The stock was acquired at an average price of $107.16 per share, for a total transaction of $50,365.20. Following the completion of the purchase, the director now directly owns 887 shares in the company, valued at approximately $95,050.92. The disclosure for this purchase can be found here. Insiders sold a total of 9,732 shares of company stock worth $1,058,055 over the last quarter. Company insiders own 1.10% of the company’s stock.
A number of equities research analysts recently commented on CW shares. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “strong-buy” rating and set a $152.00 price objective on the stock in a report on Tuesday, October 9th. Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a report on Tuesday, October 30th. SunTrust Banks dropped their price objective on shares of Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. ValuEngine lowered shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Monday, November 12th. Finally, Bank of America dropped their price objective on shares of Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $132.88.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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