Lord Abbett & CO. LLC Decreases Stake in Curtiss-Wright Co. (NYSE:CW)

Lord Abbett & CO. LLC lessened its position in shares of Curtiss-Wright Co. (NYSE:CW) by 17.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 99,965 shares of the aerospace company’s stock after selling 21,379 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Curtiss-Wright were worth $32,858,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth $230,000. Franklin Resources Inc. increased its stake in Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the last quarter. Tidal Investments LLC raised its position in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $53,000. Finally, World Investment Advisors LLC bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $47,220,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Watts sold 412 shares of Curtiss-Wright 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 completion of the transaction, the vice president now 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 disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Up 0.2 %

Shares of NYSE CW opened at $366.92 on Friday. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.96 and a beta of 1.18. The stock has a 50 day moving average price of $362.34 and a 200 day moving average price of $316.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on CW shares. Truist Financial lifted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Morgan Stanley upped their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. 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 cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.