Miracle Mile Advisors LLC Takes $342,000 Position in Curtiss-Wright Co. (NYSE:CW)

Miracle Mile Advisors LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,077 shares of the aerospace company's stock, valued at approximately $342,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. increased its holdings in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares during the last quarter. Geode Capital Management LLC increased its position in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

In related 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 sale, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. This represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,992 shares of company stock worth $4,634,519. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Curtiss-Wright Trading Up 0.2%

NYSE:CW traded up $0.98 during trading hours on Thursday, reaching $472.69. 50,407 shares of the company were exchanged, compared to its average volume of 279,170. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $472.44. The stock has a 50 day simple moving average of $378.00 and a 200 day simple moving average of $356.28. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 2.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the business earned $1.99 EPS. The business's revenue was up 13.0% on a year-over-year basis. As a group, analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Curtiss-Wright Company 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.