Miramar Capital LLC Decreases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Miramar Capital LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,520 shares of the aerospace company’s stock after selling 150 shares during the quarter. Miramar Capital LLC’s holdings in Curtiss-Wright were worth $412,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after acquiring an additional 18,939 shares in the last quarter. Boston Partners lifted its holdings in Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Norges Bank acquired a new stake in Curtiss-Wright during the 4th quarter worth $113,885,000. Global Alpha Capital Management Ltd. grew its holdings in shares of Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after buying an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Curtiss-Wright by 30,079.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CW shares. Robert W. Baird boosted their price target 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. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Truist Financial boosted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $307.50.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 120 shares of company stock valued at $27,914 over the last 90 days. 0.67% of the stock is owned by insiders.

Curtiss-Wright Trading Down 0.6 %

NYSE CW opened at $313.60 on Thursday. The firm’s 50-day moving average is $293.91 and its two-hundred day moving average is $273.99. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $318.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock has a market capitalization of $12.01 billion, a P/E ratio of 32.30 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter in the prior year, the company posted $2.15 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. Curtiss-Wright’s payout ratio is currently 8.65%.

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.