MetLife Investment Management LLC Has $6.51 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

MetLife Investment Management LLC lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,793 shares of the aerospace company’s stock after selling 372 shares during the quarter. MetLife Investment Management LLC’s holdings in Curtiss-Wright were worth $6,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bridgewater Associates LP raised its position in shares of Curtiss-Wright by 1,314.4% during the third quarter. Bridgewater Associates LP now owns 18,911 shares of the aerospace company’s stock worth $6,216,000 after purchasing an additional 17,574 shares during the period. Townsquare Capital LLC increased its stake in Curtiss-Wright by 73.6% during the 3rd quarter. Townsquare Capital LLC now owns 22,144 shares of the aerospace company’s stock worth $7,278,000 after purchasing an additional 9,387 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. FMR LLC lifted its stake in Curtiss-Wright by 27.7% in the third quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock valued at $52,612,000 after buying an additional 34,706 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after buying an additional 5,437 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 0.7 %

CW stock opened at $373.80 on Friday. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 35.36 and a beta of 1.17. Curtiss-Wright Co. has a twelve month low of $211.41 and a twelve month high of $393.40. The business has a 50 day moving average price of $353.48 and a two-hundred day moving average price of $309.50. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.22%. Curtiss-Wright’s payout ratio is 7.95%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $364.40.

Insider Activity

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.