ING Groep NV Has $9.86 Million Stake in Curtiss-Wright Co. (NYSE:CW)

ING Groep NV increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 36.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the aerospace company’s stock after acquiring an additional 8,000 shares during the quarter. ING Groep NV’s holdings in Curtiss-Wright were worth $9,861,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Tsfg LLC grew its holdings in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 6.3 %

NYSE CW opened at $361.14 on Friday. The stock has a market capitalization of $13.71 billion, a P/E ratio of 34.17 and a beta of 1.17. The business has a 50 day simple moving average of $341.49 and a 200 day simple moving average of $302.67. 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 one year low of $209.01 and a one year high of $393.40.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CW shares. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Truist Financial upped their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. One analyst has 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 company currently has an average rating of “Moderate Buy” and an average target price of $362.60.

Insider Activity

In other Curtiss-Wright news, 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 sale, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company 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.