Toronto Dominion Bank Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Toronto Dominion Bank bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 454 shares of the aerospace company’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 29 shares during the period. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after buying an additional 37 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after buying an additional 37 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Curtiss-Wright by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock valued at $1,442,000 after buying an additional 45 shares during the period. Finally, Dorsey Wright & Associates lifted its stake in Curtiss-Wright by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 5.0 %

Shares of NYSE:CW opened at $385.25 on Tuesday. Curtiss-Wright Co. has a 52 week low of $212.05 and a 52 week high of $393.40. The company’s 50 day moving average is $363.34 and its two-hundred day moving average is $317.88. The company has a market cap of $14.62 billion, a PE ratio of 36.45, a P/E/G ratio of 2.96 and a beta of 1.18. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Analysts Set New Price Targets

CW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Truist Financial upped their target price 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 raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the 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 transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

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.