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

Miramar Capital LLC lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,290 shares of the aerospace company’s stock after selling 190 shares during the period. Miramar Capital LLC’s holdings in Curtiss-Wright were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CW. Portside Wealth Group LLC lifted its holdings in shares of Curtiss-Wright by 142.9% during the 3rd quarter. Portside Wealth Group LLC now owns 2,116 shares of the aerospace company’s stock worth $696,000 after acquiring an additional 1,245 shares during the period. Assetmark Inc. lifted its holdings in shares of Curtiss-Wright by 9.8% during the 3rd quarter. Assetmark Inc. now owns 5,829 shares of the aerospace company’s stock worth $1,916,000 after acquiring an additional 519 shares during the period. Atria Investments Inc lifted its holdings in shares of Curtiss-Wright by 37.6% during the 3rd quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock worth $1,230,000 after acquiring an additional 1,022 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $3,090,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Curtiss-Wright by 44.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,612 shares of the aerospace company’s stock worth $1,187,000 after acquiring an additional 1,109 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $314.45 on Friday. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.48 and a beta of 1.15. 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 firm has a 50 day simple moving average of $343.61 and a 200 day simple moving average of $344.85. Curtiss-Wright Co. has a one year low of $236.31 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.