Alliance Wealth Advisors LLC UT Raises Stake in Curtiss-Wright Co. (NYSE:CW)

Alliance Wealth Advisors LLC UT increased its stake in Curtiss-Wright Co. (NYSE:CW) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,462 shares of the aerospace company’s stock after acquiring an additional 150 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Curtiss-Wright were worth $1,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CW. Creative Planning raised its position in Curtiss-Wright by 8.8% during the second quarter. Creative Planning now owns 2,778 shares of the aerospace company’s stock worth $753,000 after acquiring an additional 224 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $238,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $1,707,000. Park Avenue Securities LLC boosted its stake in shares of Curtiss-Wright by 23.5% during the third quarter. Park Avenue Securities LLC now owns 4,561 shares of the aerospace company’s stock valued at $1,499,000 after acquiring an additional 869 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Curtiss-Wright by 88.5% during the 3rd quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.4 %

Shares of CW stock opened at $345.66 on Tuesday. Curtiss-Wright Co. has a fifty-two week low of $220.90 and a fifty-two 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 stock has a 50-day simple moving average of $361.69 and a 200 day simple moving average of $338.02. The stock has a market capitalization of $13.12 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Morgan Stanley upped their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 116 shares of company stock worth $35,278 over the last quarter. Corporate 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.