Arete Wealth Advisors LLC Buys 191 Shares of Curtiss-Wright Co. (NYSE:CW)

Arete Wealth Advisors LLC grew its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,372 shares of the aerospace company’s stock after buying an additional 191 shares during the period. Arete Wealth Advisors LLC’s holdings in Curtiss-Wright were worth $487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the period. TD Asset Management Inc. grew its position in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after purchasing an additional 12,086 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after purchasing an additional 6,971 shares during the period. Finally, Norges Bank bought a new stake in Curtiss-Wright during the fourth quarter valued at $201,856,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $283.63 on Friday. The stock’s 50-day moving average is $327.23 and its 200 day moving average is $346.69. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.30%. Curtiss-Wright’s payout ratio is 7.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the sale, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. This represents a 16.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Company insiders own 0.55% 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.