Captrust Financial Advisors Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Captrust Financial Advisors reduced its stake in Curtiss-Wright Co. (NYSE:CW) by 10.6% during the 3rd quarter, Holdings Channel reports. The fund owned 28,897 shares of the aerospace company’s stock after selling 3,409 shares during the period. Captrust Financial Advisors’ holdings in Curtiss-Wright were worth $9,498,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CW. Versant Capital Management Inc raised its stake in Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Tsfg LLC lifted its stake in shares of 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 buying an additional 67 shares during the period. Finally, UMB Bank n.a. boosted its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Up 0.6 %

Shares of NYSE:CW opened at $373.63 on Monday. The stock has a 50-day simple moving average of $354.39 and a 200-day simple moving average of $310.45. The stock has a market capitalization of $14.18 billion, a P/E ratio of 35.35 and a beta of 1.17. Curtiss-Wright Co. has a 1 year low of $211.41 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright’s payout ratio is currently 7.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Truist Financial increased their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report 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 report on Tuesday, November 5th. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $364.40.

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.