Curtiss-Wright Co. (NYSE:CW) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Curtiss-Wright Co. (NYSE:CW) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 60,206 shares of the aerospace company’s stock after selling 1,458 shares during the quarter. New York State Teachers Retirement System’s holdings in Curtiss-Wright were worth $13,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of Curtiss-Wright by 92.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock valued at $1,835,000 after acquiring an additional 3,957 shares during the period. Cadinha & Co. LLC lifted its position in shares of Curtiss-Wright by 1,101.1% during the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after acquiring an additional 63,810 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Curtiss-Wright by 729.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after acquiring an additional 17,964 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Curtiss-Wright by 80.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock valued at $13,589,000 after acquiring an additional 30,972 shares during the period. Finally, Burney Co. lifted its position in shares of Curtiss-Wright by 14.9% during the 3rd quarter. Burney Co. now owns 26,516 shares of the aerospace company’s stock valued at $5,187,000 after acquiring an additional 3,437 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 1.7 %

CW stock opened at $254.61 on Wednesday. The stock has a market capitalization of $9.75 billion, a P/E ratio of 27.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. Curtiss-Wright Co. has a one year low of $157.72 and a one year high of $261.46. The company has a 50 day moving average price of $240.81 and a two-hundred day moving average price of $221.94.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. Curtiss-Wright’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.92 EPS. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.31%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 26th. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday. Truist Financial reissued a “hold” rating and set a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.00.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last quarter. 0.67% of the stock is owned by 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.