Public Employees Retirement Association of Colorado Sells 8,365 Shares of Curtiss-Wright Co. (NYSE:CW)

Public Employees Retirement Association of Colorado reduced its holdings in Curtiss-Wright Co. (NYSE:CW) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,287 shares of the aerospace company’s stock after selling 8,365 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.31% of Curtiss-Wright worth $41,622,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CW. Norges Bank bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $201,856,000. William Blair Investment Management LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $132,626,000. TimesSquare Capital Management LLC lifted its position in Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after purchasing an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after purchasing an additional 160,395 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $339.01 on Friday. The stock has a market capitalization of $12.77 billion, a PE ratio of 32.13, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 1-year low of $250.97 and a 1-year high of $393.40. The firm has a fifty day simple moving average of $318.71 and a 200 day simple moving average of $344.94. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s payout ratio is presently 7.96%.

Insider Activity at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock worth $7,436,255. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CW. Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Truist Financial reduced their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.43.

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.