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

MeadowBrook Investment Advisors LLC lessened its position in Curtiss-Wright Co. (NYSE:CW) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,196 shares of the aerospace company’s stock after selling 168 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Curtiss-Wright were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 29 shares during the period. CIBC Asset Management Inc increased its position in Curtiss-Wright by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 46 shares during the period. Dorsey Wright & Associates lifted its stake in Curtiss-Wright by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock valued at $3,523,000 after buying an additional 47 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after purchasing an additional 53 shares during the period. Finally, Tsfg LLC lifted its stake in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading 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 firm has a 50-day moving average of $340.29 and a 200 day moving average of $302.26. The company has a market cap of $14.43 billion, a P/E ratio of 36.46 and a beta of 1.17. 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 Co. has a 52 week low of $209.01 and a 52 week high of $393.40.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors 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 (DPR) is currently 7.95%.

Wall Street Analyst Weigh In

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

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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.