Public Employees Retirement Association of Colorado Sells 23,900 Shares of Curtiss-Wright Corporation $CW

Public Employees Retirement Association of Colorado decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 26.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,613 shares of the aerospace company’s stock after selling 23,900 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Curtiss-Wright were worth $36,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright in the 4th quarter worth about $31,000. Larson Financial Group LLC raised its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright in the 4th quarter worth about $43,000. Finally, Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup lifted their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Price Performance

CW stock opened at $758.19 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12 month low of $458.74 and a 12 month high of $768.65. The firm has a market cap of $28.01 billion, a P/E ratio of 55.54, a P/E/G ratio of 3.51 and a beta of 0.85. The company’s 50-day moving average price is $726.95 and its two-hundred day moving average price is $665.26.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period last year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This trade represents a 14.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 9,080 shares of company stock worth $6,297,278. Corporate insiders own 0.51% of the company’s stock.

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.