692 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 692 shares of the aerospace company’s stock, valued at approximately $230,000.

A number of other hedge funds have also bought and sold shares of CW. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after purchasing an additional 27,607 shares during the period. Congress Asset Management Co. boosted its position in Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares during the last quarter. International Assets Investment Management LLC raised its position in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after buying an additional 403,701 shares during the last quarter. Franklin Resources Inc. raised its position in Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after buying an additional 22,543 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after acquiring an additional 56,966 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CW shares. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the company’s 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 owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Up 0.8 %

CW stock opened at $354.22 on Friday. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.44 billion, a P/E ratio of 33.51, a PEG ratio of 2.96 and a beta of 1.18. The company’s 50-day simple moving average is $364.23 and its 200-day simple moving average is $319.36.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s payout ratio is currently 7.95%.

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.