Curtiss-Wright Corp. (CW) Position Trimmed by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. cut its holdings in shares of Curtiss-Wright Corp. (NYSE:CW) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,113 shares of the aerospace company’s stock after selling 629 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Curtiss-Wright were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Boston Partners lifted its position in Curtiss-Wright by 44.8% during the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after buying an additional 421,332 shares during the period. Bank of New York Mellon Corp lifted its position in Curtiss-Wright by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock worth $98,612,000 after buying an additional 4,064 shares during the period. Prudential Financial Inc. lifted its position in Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after buying an additional 167,135 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Curtiss-Wright by 9.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 412,443 shares of the aerospace company’s stock worth $50,257,000 after buying an additional 35,257 shares during the period. Finally, American Century Companies Inc. lifted its position in Curtiss-Wright by 14.4% during the fourth quarter. American Century Companies Inc. now owns 313,793 shares of the aerospace company’s stock worth $38,236,000 after buying an additional 39,582 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.
Several equities analysts recently weighed in on CW shares. Wells Fargo & Co increased their target price on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Robert W. Baird started coverage on Curtiss-Wright in a research report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 target price on the stock. Stifel Nicolaus increased their target price on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Bank of America upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Monday, October 30th. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $133.29.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 annualized dividend and a yield of 0.46%. Curtiss-Wright’s dividend payout ratio is presently 12.45%.
In other Curtiss-Wright news, VP K Christopher Farkas sold 700 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $120.25, for a total transaction of $84,175.00. Following the completion of the sale, the vice president now directly owns 2,152 shares in the company, valued at $258,778. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Albert E. Smith sold 1,700 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. Insiders have sold 21,940 shares of company stock valued at $2,658,905 over the last 90 days. 1.10% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.watchlistnews.com/curtiss-wright-corp-cw-position-trimmed-by-crossmark-global-holdings-inc/1879591.html.
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.
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corp. (NYSE:CW).
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.