Legacy Wealth Asset Management LLC Has $1.96 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Legacy Wealth Asset Management LLC lowered its position in Curtiss-Wright Co. (NYSE:CW) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,510 shares of the aerospace company’s stock after selling 369 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Curtiss-Wright were worth $1,955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after purchasing an additional 265,205 shares in the last quarter. World Investment Advisors LLC acquired a new position in Curtiss-Wright during the third quarter worth $47,220,000. Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after buying an additional 85,013 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock worth $64,815,000 after buying an additional 64,619 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $365.79 on Friday. The company’s fifty day moving average is $364.52 and its two-hundred day moving average is $329.98. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.51 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a 52-week low of $217.57 and a 52-week high of $393.40.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors 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 yield of 0.23%. Curtiss-Wright’s dividend payout ratio is 7.95%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial upped their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.00.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 116 shares of company stock valued at $35,278 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

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.