Martingale Asset Management L P Cuts Holdings in Curtiss-Wright Co. (NYSE:CW)

Martingale Asset Management L P reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,199 shares of the aerospace company’s stock after selling 10,456 shares during the quarter. Martingale Asset Management L P’s holdings in Curtiss-Wright were worth $22,745,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright during the second quarter worth approximately $41,383,000. Cetera Advisors LLC boosted its position in shares of Curtiss-Wright by 178.7% during the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after buying an additional 2,548 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Curtiss-Wright by 30,079.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after buying an additional 301,394 shares during the period. Magnetar Financial LLC purchased a new position in shares of Curtiss-Wright during the second quarter valued at approximately $3,025,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Curtiss-Wright by 140.9% during the second quarter. Sequoia Financial Advisors LLC now owns 6,469 shares of the aerospace company’s stock valued at $1,753,000 after buying an additional 3,784 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

NYSE CW opened at $371.37 on Friday. 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 stock’s fifty day moving average price is $352.41 and its 200 day moving average price is $309.06. Curtiss-Wright Co. has a 1 year low of $209.01 and a 1 year high of $393.40. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 35.13 and a beta of 1.17.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be issued 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 payout ratio is 7.95%.

Insider Buying and Selling at Curtiss-Wright

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 shares were 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 represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CW. Truist Financial boosted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Robert W. Baird boosted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright has an average 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.