Marks Group Wealth Management Inc Sells 1,385 Shares of Curtiss-Wright Co. (NYSE:CW)

Marks Group Wealth Management Inc reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,954 shares of the aerospace company’s stock after selling 1,385 shares during the quarter. Curtiss-Wright makes up approximately 0.9% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 22nd largest position. Marks Group Wealth Management Inc owned approximately 0.07% of Curtiss-Wright worth $9,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright in the 4th quarter worth about $31,000. Tsfg LLC raised its stake in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the third quarter worth approximately $53,000. Finally, Brooklyn Investment Group purchased a new position in Curtiss-Wright during the 3rd quarter worth $59,000. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Alembic Global Advisors assumed 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 started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Price Performance

Shares of CW opened at $350.18 on Wednesday. The company has a 50 day moving average of $359.19 and a two-hundred day moving average of $341.02. 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 twelve month low of $225.33 and a twelve month high of $393.40. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. 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 (DPR) is 7.95%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction dated 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 directly owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

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.