Brooklyn Investment Group Takes Position in Curtiss-Wright Co. (NYSE:CW)

Brooklyn Investment Group purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 181 shares of the aerospace company’s stock, valued at approximately $59,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in Curtiss-Wright during the first quarter worth about $329,000. Cetera Investment Advisers boosted its stake in shares of Curtiss-Wright by 204.9% in the first quarter. Cetera Investment Advisers now owns 12,437 shares of the aerospace company’s stock valued at $3,183,000 after purchasing an additional 8,358 shares during the period. Cetera Advisors LLC boosted its stake in shares of Curtiss-Wright by 178.7% in the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 2,548 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Curtiss-Wright by 26.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,732 shares of the aerospace company’s stock valued at $442,000 after purchasing an additional 362 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Down 1.0 %

CW stock opened at $371.37 on Friday. The company has a 50 day moving average price of $352.41 and a two-hundred day moving average price of $309.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a market capitalization of $14.09 billion, a P/E ratio of 35.13 and a beta of 1.17. Curtiss-Wright Co. has a one year low of $209.01 and a one year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $364.40.

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.