Dean Investment Associates LLC grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 10,761 shares of the aerospace company’s stock after purchasing an additional 164 shares during the period. Dean Investment Associates LLC’s holdings in Curtiss-Wright were worth $1,276,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA lifted its holdings in Curtiss-Wright by 2.2% in the fourth quarter. Primecap Management Co. CA now owns 1,714,790 shares of the aerospace company’s stock valued at $199,516,000 after buying an additional 36,217 shares during the period. Natural Investments LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth $115,104,000. Dimensional Fund Advisors LP grew its stake in shares of Curtiss-Wright by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 645,986 shares of the aerospace company’s stock worth $75,161,000 after purchasing an additional 4,339 shares during the period. Clearbridge Investments LLC increased its holdings in Curtiss-Wright by 161.6% in the fourth quarter. Clearbridge Investments LLC now owns 614,237 shares of the aerospace company’s stock valued at $71,467,000 after purchasing an additional 379,419 shares during the last quarter. Finally, Norges Bank acquired a new position in Curtiss-Wright in the fourth quarter valued at about $62,017,000. 78.67% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE CW opened at $127.87 on Monday. Curtiss-Wright Co. has a twelve month low of $82.03 and a twelve month high of $133.37. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 22.92 and a beta of 1.52. The company has a quick ratio of 1.68, a current ratio of 2.37 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $124.67 and its 200-day moving average is $115.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Shareholders of record on Friday, June 18th will be issued a dividend of $0.18 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is 9.35%.
Separately, Zacks Investment Research cut Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 price target for the company. in a research note on Tuesday, February 2nd.
In related news, COO Tom P. Quinly sold 1,137 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $120.48, for a total value of $136,985.76. Following the completion of the transaction, the chief operating officer now owns 41,684 shares of the company’s stock, valued at $5,022,088.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John B. Nathman sold 1,335 shares of Curtiss-Wright stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $118.45, for a total value of $158,130.75. In the last ninety days, insiders sold 20,706 shares of company stock worth $2,504,044. Insiders own 0.73% of the company’s stock.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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