Miramar Capital LLC Trims Stake in Curtiss-Wright Co. (NYSE:CW)

Miramar Capital LLC lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,480 shares of the aerospace company’s stock after selling 40 shares during the quarter. Miramar Capital LLC’s holdings in Curtiss-Wright were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CW. Versant Capital Management Inc lifted its position in Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its position in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the period. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares in the last quarter. Finally, UMB Bank n.a. increased its position in 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 in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $362.60.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction dated 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 directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $358.15 on Friday. Curtiss-Wright Co. has a twelve month low of $209.01 and a twelve month high of $393.40. The company has a 50 day moving average of $342.77 and a two-hundred day moving average of $303.37. 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 company has a market cap of $13.59 billion, a price-to-earnings ratio of 33.88 and a beta of 1.17.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Curtiss-Wright 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.