Arete Wealth Advisors LLC Purchases Shares of 1,181 Curtiss-Wright Co. (NYSE:CW)

Arete Wealth Advisors LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,181 shares of the aerospace company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. Tsfg LLC lifted its stake in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $59,000. Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $69,000. Finally, Kennebec Savings Bank acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $148,134.60. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Trading Up 0.1 %

NYSE CW opened at $366.56 on Friday. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month high of $393.40. The company’s fifty day moving average price is $362.34 and its two-hundred day moving average price is $316.57.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Analyst Ratings Changes

Several research firms have recently weighed in on CW. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Truist Financial boosted their price target on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

About Curtiss-Wright

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.