The Manufacturers Life Insurance Company lifted its holdings in Curtiss-Wright Corp. (NYSE:CW) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 104,844 shares of the aerospace company’s stock after acquiring an additional 8,600 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Curtiss-Wright were worth $12,776,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in CW. Public Employees Retirement System of Ohio raised its holdings in shares of Curtiss-Wright by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after purchasing an additional 256 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Curtiss-Wright by 0.5% in the 3rd quarter. Nationwide Fund Advisors now owns 147,220 shares of the aerospace company’s stock worth $15,390,000 after purchasing an additional 766 shares during the period. First Trust Advisors LP bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $703,000. Crossmark Global Holdings Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $496,000. Finally, Fortaleza Asset Management Inc. raised its holdings in shares of Curtiss-Wright by 204.1% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 3,117 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 2,092 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.
A number of equities research analysts recently commented on CW shares. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday. Wells Fargo & Co raised shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Tuesday, January 16th. Seaport Global Securities reissued a “buy” rating and set a $150.00 target price on shares of Curtiss-Wright in a report on Monday. William Blair reissued a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Curtiss-Wright presently has an average rating of “Buy” and a consensus target price of $137.63.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at $136.54 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a 1-year low of $82.77 and a 1-year high of $139.04. The stock has a market cap of $6,082.31, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. Curtiss-Wright’s payout ratio is 12.47%.
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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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