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

MeadowBrook Investment Advisors LLC trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,046 shares of the aerospace company’s stock after selling 150 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Curtiss-Wright were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CW. Signaturefd LLC grew its stake in shares of Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares during the period. Tidal Investments LLC increased its stake in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc increased its stake in Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after acquiring an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the period. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 37 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $350.18 on Wednesday. The business has a 50 day moving average price of $359.19 and a two-hundred day moving average price of $341.02. Curtiss-Wright Co. has a fifty-two week low of $225.33 and a fifty-two week high of $393.40. The firm has a market cap of $13.29 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CW. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $386.86.

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.