Lord Abbett & CO. LLC Trims Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Lord Abbett & CO. LLC lowered its position in shares of Curtiss-Wright Co. (NYSE:CW) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,965 shares of the aerospace company’s stock after selling 21,379 shares during the quarter. Lord Abbett & CO. LLC owned about 0.26% of Curtiss-Wright worth $32,858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CW. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the 3rd quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright during the third quarter valued at $59,000. Finally, Morse Asset Management Inc bought a new stake in Curtiss-Wright in the third quarter worth $69,000. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Watts sold 412 shares of the stock in a transaction 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 sale, the vice president now directly owns 4,183 shares of the company’s stock, 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. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Up 0.2 %

Curtiss-Wright stock opened at $366.92 on Friday. The business has a 50-day simple moving average of $362.34 and a two-hundred day simple moving average of $316.84. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. 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 company has a market cap of $13.92 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Truist Financial boosted their price target on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $379.00.

Curtiss-Wright Company 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.