David Wealth Management LLC Invests $221,000 in Curtiss-Wright Co. (NYSE:CW)

David Wealth Management LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, Holdings Channel reports. The firm bought 624 shares of the aerospace company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CW. Sanctuary Advisors LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $238,000. CWM LLC grew its stake in shares of Curtiss-Wright by 84.7% in the third quarter. CWM LLC now owns 1,228 shares of the aerospace company’s stock valued at $404,000 after buying an additional 563 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares during the period. Ritholtz Wealth Management lifted its position in Curtiss-Wright by 9.0% during the 3rd quarter. Ritholtz Wealth Management now owns 3,725 shares of the aerospace company’s stock worth $1,224,000 after acquiring an additional 308 shares in the last quarter. Finally, Creative Planning boosted its holdings in Curtiss-Wright by 8.2% in the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock worth $988,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of analyst reports. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Price Performance

CW opened at $350.18 on Wednesday. The company has a market capitalization of $13.29 billion, a P/E ratio of 33.13, a PEG ratio of 2.50 and a beta of 1.19. The company has a 50-day moving average of $359.19 and a 200-day moving average of $341.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 1-year low of $225.33 and a 1-year high of $393.40.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by insiders.

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.