Bridgewater Associates LP Acquires 17,574 Shares of Curtiss-Wright Co. (NYSE:CW)

Bridgewater Associates LP increased its holdings in Curtiss-Wright Co. (NYSE:CW) by 1,314.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,911 shares of the aerospace company’s stock after purchasing an additional 17,574 shares during the period. Bridgewater Associates LP’s holdings in Curtiss-Wright were worth $6,216,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CW. International Assets Investment Management LLC boosted its stake in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Curtiss-Wright by 30,079.2% during the second 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. grew its holdings in Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $41,383,000. Finally, Van ECK Associates Corp lifted its stake in shares of Curtiss-Wright by 79.2% in the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after buying an additional 86,955 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.7 %

Shares of CW opened at $373.80 on Friday. The stock’s 50-day moving average price is $353.48 and its 200 day moving average price is $309.50. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $211.41 and a 12-month high of $393.40. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 35.36 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CW. Truist Financial raised their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.40.

Insiders Place Their Bets

In other Curtiss-Wright news, 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 transaction of $148,134.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

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.