California State Teachers Retirement System Has $9.05 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

California State Teachers Retirement System cut its position in Curtiss-Wright Co. (NYSE:CWFree Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,636 shares of the aerospace company’s stock after selling 1,949 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Curtiss-Wright worth $9,053,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CW. Oppenheimer Asset Management Inc. bought a new position in Curtiss-Wright in the 3rd quarter worth approximately $353,000. Swiss National Bank raised its stake in Curtiss-Wright by 1.1% during the 3rd quarter. Swiss National Bank now owns 84,300 shares of the aerospace company’s stock valued at $16,492,000 after purchasing an additional 900 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Curtiss-Wright by 28.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,009 shares of the aerospace company’s stock valued at $393,000 after purchasing an additional 450 shares during the period. Van ECK Associates Corp grew its position in Curtiss-Wright by 60.6% in the 3rd quarter. Van ECK Associates Corp now owns 22,694 shares of the aerospace company’s stock worth $4,440,000 after purchasing an additional 8,559 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Curtiss-Wright by 7.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,626 shares of the aerospace company’s stock worth $514,000 after purchasing an additional 180 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director S Marce Fuller sold 5,300 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares in the company, valued at $7,242,400.80. The disclosure for this sale can be found here. Insiders sold 26,166 shares of company stock valued at $6,890,277 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $271.55 on Friday. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 27.97 and a beta of 1.22. The business’s fifty day moving average price is $266.14 and its two-hundred day moving average price is $241.17. Curtiss-Wright Co. has a fifty-two week low of $169.63 and a fifty-two week high of $286.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. As a group, analysts predict that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 17th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio is 8.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CW shares. Stifel Nicolaus lifted their target price on Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Truist Financial upped their target price on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Robert W. Baird lifted their price target 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. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Buy” and an average price target of $302.50.

Read Our Latest Analysis on Curtiss-Wright

Curtiss-Wright Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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