New York State Common Retirement Fund Has $15.67 Million Position in Curtiss-Wright Co. (NYSE:CW)

New York State Common Retirement Fund lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 26.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 70,312 shares of the aerospace company’s stock after selling 25,403 shares during the period. New York State Common Retirement Fund’s holdings in Curtiss-Wright were worth $15,665,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CW. Pacer Advisors Inc. increased its stake in Curtiss-Wright by 92.5% in the fourth 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 grew its stake in Curtiss-Wright by 1,101.1% during the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after buying an additional 63,810 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Curtiss-Wright by 71.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 2,924 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Curtiss-Wright by 729.1% during the third quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock worth $3,996,000 after buying an additional 17,964 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Curtiss-Wright by 80.5% during the third quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock worth $13,589,000 after buying an additional 30,972 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW stock opened at $254.01 on Monday. Curtiss-Wright Co. has a 1 year low of $157.72 and a 1 year high of $261.46. The firm’s 50 day moving average is $246.71 and its 200-day moving average is $226.90. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. During the same period in the prior year, the business earned $2.92 earnings per share. Curtiss-Wright’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts forecast that Curtiss-Wright Co. will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio is currently 8.70%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird upped 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, April 8th. Truist Financial reaffirmed 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. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.25.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares in the company, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock worth $3,030,512 over the last ninety days. Company insiders own 0.67% of the company’s stock.

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.