Ramsey Quantitative Systems lowered its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,821 shares of the aerospace company’s stock after selling 667 shares during the period. Curtiss-Wright accounts for 0.4% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 29th largest holding. Ramsey Quantitative Systems’ holdings in Curtiss-Wright were worth $344,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Curtiss-Wright during the 4th quarter worth $135,000. Community Financial Services Group LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth $201,000. Sabal Trust CO acquired a new stake in Curtiss-Wright during the 4th quarter worth $207,000. Cigna Investments Inc. New acquired a new stake in Curtiss-Wright during the 4th quarter worth $209,000. Finally, Signition LP acquired a new stake in Curtiss-Wright during the 4th quarter worth $215,000. Hedge funds and other institutional investors own 75.55% of the company’s stock.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at $128.91 on Thursday. Curtiss-Wright Corp. has a 52 week low of $82.77 and a 52 week high of $134.44. The company has a market cap of $5,727.55, a price-to-earnings ratio of 27.15, a PEG ratio of 1.96 and a beta of 1.24. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.
In related news, CFO Glenn E. Tynan sold 5,189 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $120.45, for a total value of $625,015.05. Following the completion of the sale, the chief financial officer now owns 58,476 shares in the company, valued at $7,043,434.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert E. Smith sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total transaction of $207,995.00. The disclosure for this sale can be found here. Insiders sold a total of 21,940 shares of company stock valued at $2,658,905 in the last 90 days. Company insiders own 1.10% of the company’s stock.
A number of brokerages recently weighed in on CW. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Thursday, February 8th. Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday, October 30th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Wells Fargo & Co raised their target price on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $133.29.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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