Migdal Insurance & Financial Holdings Ltd. boosted its position in Curtiss-Wright Corp. (NYSE:CW) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,538 shares of the aerospace company’s stock after acquiring an additional 7,353 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.15% of Curtiss-Wright worth $9,006,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. MML Investors Services LLC acquired a new stake in Curtiss-Wright during the third quarter worth approximately $429,000. JPMorgan Chase & Co. raised its holdings in Curtiss-Wright by 56.2% during the third quarter. JPMorgan Chase & Co. now owns 535,507 shares of the aerospace company’s stock worth $73,589,000 after purchasing an additional 192,633 shares in the last quarter. Systematic Financial Management LP raised its holdings in Curtiss-Wright by 1.9% during the third quarter. Systematic Financial Management LP now owns 86,733 shares of the aerospace company’s stock worth $11,919,000 after purchasing an additional 1,582 shares in the last quarter. ING Groep NV raised its holdings in Curtiss-Wright by 44.6% during the third quarter. ING Groep NV now owns 6,723 shares of the aerospace company’s stock worth $924,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Curtiss-Wright by 174.0% during the third quarter. Commonwealth Equity Services LLC now owns 5,707 shares of the aerospace company’s stock worth $784,000 after acquiring an additional 3,624 shares during the last quarter. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Bruce D. Hoechner purchased 470 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was acquired at an average price of $107.16 per share, with a total value of $50,365.20. Following the purchase, the director now directly owns 887 shares of the company’s stock, valued at approximately $95,050.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Tom P. Quinly sold 2,120 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $108.76, for a total transaction of $230,571.20. Following the completion of the transaction, the vice president now directly owns 34,783 shares of the company’s stock, valued at approximately $3,782,999.08. The disclosure for this sale can be found here. Insiders have sold a total of 9,732 shares of company stock worth $1,058,055 over the last 90 days. Insiders own 1.10% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research restated a “hold” rating and set a $123.00 target price on shares of Curtiss-Wright in a research report on Tuesday, November 13th. ValuEngine lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday, October 30th. Bank of America lowered their target price on shares of Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Curtiss-Wright and gave the stock a “hold” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $132.88.

NYSE:CW traded down $1.39 during midday trading on Friday, reaching $103.58. The stock had a trading volume of 622,063 shares, compared to its average volume of 257,325. Curtiss-Wright Corp. has a 12-month low of $100.99 and a 12-month high of $143.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.25 and a quick ratio of 1.53. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Tuesday, October 30th. The aerospace company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. The company had revenue of $595.40 million for the quarter, compared to analyst estimates of $628.27 million. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.59%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. As a group, analysts expect that Curtiss-Wright Corp. will post 6.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 30th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.58%. Curtiss-Wright’s payout ratio is currently 11.93%.

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Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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