Miramar Capital LLC Has $458,000 Holdings in Curtiss-Wright Co. (NYSE:CW)

Miramar Capital LLC trimmed its stake in Curtiss-Wright Co. (NYSE:CW) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,290 shares of the aerospace company’s stock after selling 190 shares during the quarter. Miramar Capital LLC’s holdings in Curtiss-Wright were worth $458,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CW. TimesSquare Capital Management LLC grew its holdings in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after purchasing an additional 166,672 shares during the period. Principal Financial Group Inc. grew its holdings in Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after purchasing an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright during the third quarter valued at about $47,220,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at about $31,497,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CW. Citigroup began coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Stock Up 0.3 %

CW opened at $314.45 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company’s 50-day moving average is $343.61 and its 200 day moving average is $344.85. Curtiss-Wright Co. has a fifty-two week low of $236.31 and a fifty-two week high of $393.40. The firm has a market capitalization of $11.84 billion, a P/E ratio of 29.81, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is 7.96%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

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.