Curtiss-Wright Co. (NYSE:CW) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,352 shares of the aerospace company’s stock after selling 3,631 shares during the period. California Public Employees Retirement System owned about 0.29% of Curtiss-Wright worth $38,806,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Curtiss-Wright by 0.4% in 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 buying an additional 15,890 shares in the last quarter. TD Asset Management Inc. boosted its holdings in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after acquiring an additional 107,115 shares during the period. Geode Capital Management LLC grew its position in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares in the last quarter. Norges Bank purchased a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $201,856,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $132,626,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Stock Up 1.0 %

NYSE:CW opened at $325.70 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The stock has a 50-day simple moving average of $330.84 and a 200 day simple moving average of $346.98.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Sell-side analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were 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 of the company’s stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.55% of the company’s stock.

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.