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

Franklin Resources Inc. lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 332,047 shares of the aerospace company’s stock after buying an additional 22,543 shares during the quarter. Franklin Resources Inc.’s holdings in Curtiss-Wright were worth $115,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CW. Tsfg LLC raised its stake in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $59,000. Finally, Quarry LP raised its stake in shares of Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.2 %

CW opened at $366.92 on Monday. 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 has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. The business has a 50-day moving average of $362.34 and a two-hundred day moving average of $317.13. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month high of $393.40.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

CW has been the subject of several research reports. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $379.00.

Curtiss-Wright 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.