Mutual of America Capital Management LLC Lowers Position in Curtiss-Wright Co. (NYSE:CW)

Mutual of America Capital Management LLC trimmed its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,929 shares of the aerospace company’s stock after selling 855 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Curtiss-Wright worth $5,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in Curtiss-Wright by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock valued at $512,000 after purchasing an additional 288 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Curtiss-Wright by 27.5% in the fourth quarter. Quadrant Capital Group LLC now owns 334 shares of the aerospace company’s stock valued at $74,000 after buying an additional 72 shares in the last quarter. Norges Bank acquired a new position in Curtiss-Wright during the 4th quarter worth about $113,885,000. Coldstream Capital Management Inc. lifted its stake in Curtiss-Wright by 16.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,391 shares of the aerospace company’s stock worth $310,000 after acquiring an additional 195 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in Curtiss-Wright by 49.3% during the 4th quarter. Assetmark Inc. now owns 3,428 shares of the aerospace company’s stock valued at $764,000 after acquiring an additional 1,132 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on CW shares. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $307.50.

Curtiss-Wright Trading Up 3.3 %

NYSE CW opened at $328.45 on Friday. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $328.83. The firm has a 50 day moving average of $295.28 and a two-hundred day moving average of $274.56. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.58 billion, a PE ratio of 33.83 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 the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.15 earnings per share. As a group, research analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders purchased 120 shares of company stock worth $27,914. 0.67% of the stock is currently owned by insiders.

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.