Curtiss-Wright Co. (NYSE:CW) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 8,175 shares of the aerospace company’s stock after selling 46 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Curtiss-Wright were worth $2,901,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $3,025,000. MML Investors Services LLC grew its holdings in shares of Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after buying an additional 1,754 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Curtiss-Wright in the 3rd quarter valued at about $542,000. Fisher Asset Management LLC grew its stake in shares of Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Curtiss-Wright by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock valued at $39,161,000 after purchasing an additional 10,642 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of CW traded up $7.69 during mid-day trading on Wednesday, reaching $367.28. 23,904 shares of the company’s stock were exchanged, compared to its average volume of 253,960. Curtiss-Wright Co. has a 52-week low of $217.57 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 50-day simple moving average of $364.85 and a two-hundred day simple moving average of $329.13. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.92 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Morgan Stanley raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $383.00.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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. This represents a 19.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The shares were 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 directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 116 shares of company stock valued at $35,278 over the last quarter. 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.