Primecap Management Co. CA Sells 77,990 Shares of Curtiss-Wright Co. (NYSE:CW)

Primecap Management Co. CA cut its position in shares of Curtiss-Wright Co. (NYSE:CW) by 8.7% in the third quarter, Holdings Channel.com reports. The firm owned 822,490 shares of the aerospace company’s stock after selling 77,990 shares during the quarter. Primecap Management Co. CA’s holdings in Curtiss-Wright were worth $270,344,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CW. International Assets Investment Management LLC boosted its position in 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 valued at $133,102,000 after buying an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of 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 purchasing an additional 301,394 shares during the period. Congress Asset Management Co. lifted its position in shares of Curtiss-Wright by 136.8% in the 3rd 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 during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $41,383,000. Finally, Van ECK Associates Corp lifted its position in shares of Curtiss-Wright by 79.2% in the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after purchasing an additional 86,955 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

Shares of CW opened at $361.24 on Thursday. The firm has a 50-day simple moving average of $346.40 and a two-hundred day simple moving average of $305.73. 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 1-year low of $209.01 and a 1-year high of $393.40. The stock has a market cap of $13.71 billion, a PE ratio of 34.18 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be paid a $0.21 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business’s 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CW. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Robert W. Baird increased their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $364.40.

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.