New York State Teachers Retirement System Sells 1,360 Shares of Curtiss-Wright Corporation $CW

New York State Teachers Retirement System decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,846 shares of the aerospace company’s stock after selling 1,360 shares during the period. New York State Teachers Retirement System’s holdings in Curtiss-Wright were worth $28,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in shares of Curtiss-Wright in the third quarter valued at approximately $26,000. Larson Financial Group LLC increased its holdings in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $34,000. Sunbelt Securities Inc. acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $43,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $45,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 9,327 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares of the company’s stock, valued at $28,936,978.40. The trade was a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total transaction of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares of the company’s stock, valued at $1,605,126.72. This trade represents a 19.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,717 shares of company stock worth $14,533,791 over the last ninety days. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $650.00 to $723.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Citigroup raised their price target on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $677.00.

Curtiss-Wright Price Performance

CW opened at $712.66 on Friday. The company has a fifty day moving average price of $701.67 and a two-hundred day moving average price of $630.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a 52 week low of $352.03 and a 52 week high of $748.14. The firm has a market capitalization of $26.30 billion, a PE ratio of 55.37, a P/E/G ratio of 3.38 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the previous year, the business earned $3.27 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, analysts anticipate that Curtiss-Wright Corporation will post 15.06 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is 7.46%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.