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

MeadowBrook Investment Advisors LLC decreased its position in Curtiss-Wright Co. (NYSE:CW) by 12.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,196 shares of the aerospace company’s stock after selling 168 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Curtiss-Wright were worth $393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. KBC Group NV increased its holdings in Curtiss-Wright by 8.6% in the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 81 shares during the last quarter. Freemont Management S.A. lifted its stake in shares of Curtiss-Wright by 154.5% during the third quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock valued at $1,841,000 after buying an additional 3,400 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Curtiss-Wright during the third quarter worth approximately $542,000. Oppenheimer Asset Management Inc. increased its position in shares of Curtiss-Wright by 487.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 9,277 shares of the aerospace company’s stock worth $3,049,000 after acquiring an additional 7,699 shares in the last quarter. Finally, Pinnacle Financial Partners Inc acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $222,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 1.4 %

Shares of CW traded down $5.21 during trading hours on Thursday, reaching $380.21. The stock had a trading volume of 36,572 shares, compared to its average volume of 221,764. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 36.46 and a beta of 1.17. The firm has a 50-day simple moving average of $340.29 and a 200 day simple moving average of $302.26. Curtiss-Wright Co. has a 12 month low of $209.01 and a 12 month high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.22%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CW shares. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Truist Financial increased their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.60.

Insiders Place Their Bets

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate 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.