Triasima Portfolio Management inc. Takes Position in Curtiss-Wright Co. (NYSE:CW)

Triasima Portfolio Management inc. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 850 shares of the aerospace company’s stock, valued at approximately $302,000.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in Curtiss-Wright by 32,425.8% during the third 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 in the last quarter. Congress Asset Management Co. lifted its position in shares of 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 buying an additional 265,205 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 3rd quarter valued at $47,220,000. Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 91.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after acquiring an additional 85,013 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Curtiss-Wright by 29.0% during the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after acquiring an additional 56,966 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 1.3 %

Shares of NYSE:CW opened at $354.87 on Friday. Curtiss-Wright Co. has a 52-week low of $224.18 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 business has a fifty day moving average of $359.90 and a two-hundred day moving average of $339.19. The stock has a market cap of $13.47 billion, a P/E ratio of 33.57, a PEG ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.95%.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Insiders Place Their Bets

In related news, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.55% of the stock is owned by insiders.

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.