ING Groep NV Has $811,000 Stake in Curtiss-Wright Corp. (CW)

ING Groep NV grew its position in Curtiss-Wright Corp. (NYSE:CW) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,659 shares of the aerospace company’s stock after buying an additional 1,253 shares during the period. ING Groep NV’s holdings in Curtiss-Wright were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CW. Meeder Asset Management Inc. purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $135,000. Community Financial Services Group LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $201,000. Cigna Investments Inc. New purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $209,000. Alambic Investment Management L.P. purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $216,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $227,000. 76.31% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Corp. (NYSE CW) opened at $122.07 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright Corp. has a 1 year low of $82.77 and a 1 year high of $134.44. The company has a market cap of $5,265.52, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 annualized dividend and a yield of 0.49%. Curtiss-Wright’s dividend payout ratio is presently 12.45%.

In other Curtiss-Wright news, VP K Christopher Farkas sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $120.25, for a total value of $84,175.00. Following the completion of the transaction, the vice president now owns 2,152 shares of the company’s stock, valued at approximately $258,778. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Glenn E. Tynan sold 7,918 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $120.00, for a total transaction of $950,160.00. Following the completion of the transaction, the chief financial officer now directly owns 47,925 shares of the company’s stock, valued at approximately $5,751,000. The disclosure for this sale can be found here. Insiders sold a total of 29,858 shares of company stock valued at $3,609,065 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on CW. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Thursday, February 8th. Bank of America raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Monday, October 30th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Wells Fargo & Co increased their price objective on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently 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.

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

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