TrueNorth Inc. Reduces Stake in Curtiss-Wright Corp. (CW)

TrueNorth Inc. decreased its holdings in Curtiss-Wright Corp. (NYSE:CW) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,795 shares of the aerospace company’s stock after selling 2,208 shares during the period. Curtiss-Wright comprises 1.5% of TrueNorth Inc.’s portfolio, making the stock its 17th largest holding. TrueNorth Inc.’s holdings in Curtiss-Wright were worth $3,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $135,000. Community Financial Services Group LLC acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $201,000. Cigna Investments Inc. New acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $209,000. Alambic Investment Management L.P. acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $216,000. Finally, Dean Capital Investments Management LLC acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $227,000. Institutional investors own 76.98% of the company’s stock.

CW has been the topic of a number of research reports. Wells Fargo & Co increased their price objective on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Robert W. Baird initiated coverage on Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price objective on the stock. Bank of America upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Monday, October 30th. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 17th. Finally, Stifel Nicolaus increased their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $132.00.

Shares of Curtiss-Wright Corp. (NYSE:CW) opened at $121.35 on Tuesday. The stock has a market capitalization of $5,686.51, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright Corp. has a 12-month low of $82.77 and a 12-month high of $134.44.

In other Curtiss-Wright news, VP Glenn E. Tynan sold 4,353 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $117.74, for a total transaction of $512,522.22. Following the completion of the sale, the vice president now owns 62,278 shares of the company’s stock, valued at $7,332,611.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $130.66, for a total value of $169,858.00. Following the sale, the director now directly owns 14,234 shares of the company’s stock, valued at approximately $1,859,814.44. The disclosure for this sale can be found here. Insiders have sold 22,623 shares of company stock valued at $2,710,865 in the last ninety days. Company insiders own 1.10% of the company’s stock.

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About Curtiss-Wright

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

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