Miracle Mile Advisors LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Miracle Mile Advisors LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,077 shares of the aerospace company’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after buying an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $49,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock valued at $63,000 after buying an additional 124 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Citigroup raised their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 24th. Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.00.

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Watts sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president now owns 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,992 shares of company stock valued at $4,634,519. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 0.7%

Shares of Curtiss-Wright stock opened at $456.91 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $463.38. The stock has a 50 day moving average price of $374.26 and a two-hundred day moving average price of $355.48. The stock has a market capitalization of $17.21 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same quarter last year, the firm posted $1.99 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio (DPR) is 8.54%.

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.