AMG National Trust Bank Reduces Stock Position in Curtiss-Wright Co. (NYSE:CW)

AMG National Trust Bank decreased its holdings in Curtiss-Wright Co. (NYSE:CW) by 50.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,168 shares of the aerospace company’s stock after selling 1,168 shares during the quarter. AMG National Trust Bank’s holdings in Curtiss-Wright were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Curtiss-Wright by 32,425.8% in 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. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares during the period. Congress Asset Management Co. raised its stake in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $41,383,000. Finally, Van ECK Associates Corp boosted its position in shares of Curtiss-Wright by 79.2% during the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after acquiring an additional 86,955 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Up 2.5 %

NYSE CW opened at $361.93 on Wednesday. Curtiss-Wright Co. has a 52 week low of $209.01 and a 52 week high of $393.40. The company has a 50 day moving average price of $345.18 and a 200 day moving average price of $305.34. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.74 billion, a PE ratio of 34.24 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders 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 yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CW. 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 report on Monday. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Morgan Stanley boosted their price objective 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. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $364.40.

Insiders Place Their Bets

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

About Curtiss-Wright

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.