MeadowBrook Investment Advisors LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

MeadowBrook Investment Advisors LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,736 shares of the aerospace company’s stock, valued at approximately $387,000.

A number of other large investors also recently bought and sold shares of CW. Venturi Wealth Management LLC increased its position in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Signaturefd LLC grew its stake in Curtiss-Wright by 18.4% in the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after purchasing an additional 57 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after buying an additional 59 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after buying an additional 61 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in Curtiss-Wright by 2.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock worth $556,000 after acquiring an additional 61 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Truist Financial boosted their price objective on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $277.00.

Curtiss-Wright Trading Up 1.4 %

CW traded up $3.81 during midday trading on Tuesday, hitting $277.50. 76,160 shares of the company were exchanged, compared to its average volume of 188,755. The firm’s 50 day moving average price is $249.69 and its 200-day moving average price is $229.29. Curtiss-Wright Co. has a 1-year low of $157.85 and a 1-year high of $279.79. The firm has a market capitalization of $10.63 billion, a P/E ratio of 28.20 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. During the same period in the previous year, the company posted $1.53 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s payout ratio is 8.24%.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the transaction, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the transaction, the chief financial officer now owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,451 shares of company stock valued at $3,030,512. 0.55% of the stock is owned by insiders.

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.