Stanley Laman Group Ltd. increased its stake in shares of Curtiss-Wright Corp. (NYSE:CW) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,101 shares of the aerospace company’s stock after acquiring an additional 625 shares during the period. Curtiss-Wright comprises approximately 1.6% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 4th largest holding. Stanley Laman Group Ltd.’s holdings in Curtiss-Wright were worth $7,323,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $135,000. Community Financial Services Group LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $201,000. Sabal Trust CO bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $207,000. Cigna Investments Inc. New bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $209,000. Finally, Signition LP bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $215,000. Institutional investors and hedge funds own 75.55% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Thursday, February 8th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Wells Fargo & Co upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research note on Tuesday, January 16th. Robert W. Baird assumed coverage on Curtiss-Wright in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price objective on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $133.29.
Curtiss-Wright Corp. (CW) opened at $127.25 on Monday. The firm has a market capitalization of $5,615.46, a P/E ratio of 26.40, a PEG ratio of 1.92 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. Curtiss-Wright Corp. has a 52 week low of $82.77 and a 52 week high of $134.44.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.47%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 12.45%.
In other news, CFO Glenn E. Tynan sold 7,918 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $120.00, for a total transaction of $950,160.00. Following the transaction, the chief financial officer now owns 47,925 shares in the company, valued at $5,751,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Charles Adams sold 13,051 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $120.44, for a total value of $1,571,862.44. Following the transaction, the chief executive officer now owns 88,257 shares in the company, valued at approximately $10,629,673.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,858 shares of company stock worth $3,609,065. 1.10% of the stock is owned by corporate insiders.
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Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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