Curtiss-Wright Co. (NYSE:CW) Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,503 shares of the aerospace company’s stock after purchasing an additional 10,700 shares during the period. New York State Common Retirement Fund owned about 0.20% of Curtiss-Wright worth $25,803,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CW. Tsfg LLC increased its stake in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares during the period. Versant Capital Management Inc increased its stake in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Curtiss-Wright during the second quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC grew its stake in Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 1.1 %

Shares of Curtiss-Wright stock opened at $348.82 on Monday. Curtiss-Wright Co. has a 12-month low of $198.45 and a 12-month high of $371.04. The company has a quick ratio of 1.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $329.92 and a two-hundred day moving average price of $295.27. The stock has a market capitalization of $13.36 billion, a P/E ratio of 33.00 and a beta of 1.17.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same period in the prior year, the firm earned $2.15 EPS. Curtiss-Wright’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Co. will post 10.6 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares in the company, valued at $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CW shares. Truist Financial raised their price target on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Robert W. Baird increased their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $349.60.

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.