454 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Toronto Dominion Bank

Toronto Dominion Bank acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 454 shares of the aerospace company’s stock, valued at approximately $149,000.

Several other institutional investors and hedge funds have also bought and sold shares of CW. Tsfg LLC raised its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $59,000. Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $69,000. Finally, Kennebec Savings Bank acquired a new stake in Curtiss-Wright during the third quarter valued at $72,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CW. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Stock Performance

NYSE CW opened at $385.25 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $363.34 and its 200-day simple moving average is $317.88. The company has a market cap of $14.62 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. Curtiss-Wright Co. has a 1-year low of $212.05 and a 1-year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.22%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

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.