Curtiss-Wright Co. (NYSE:CW) Stake Reduced by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its holdings in Curtiss-Wright Co. (NYSE:CW) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,762 shares of the aerospace company’s stock after selling 59 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Curtiss-Wright were worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CW. Geode Capital Management LLC boosted its stake in shares of Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after acquiring an additional 27,607 shares in the last quarter. Congress Asset Management Co. raised its holdings in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares during the period. Van ECK Associates Corp raised its holdings in Curtiss-Wright by 31.3% during the 4th quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock worth $118,203,000 after buying an additional 79,362 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after buying an additional 22,543 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CW. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Buying and Selling

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the 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 transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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. Over the last three months, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $315.49 on Friday. 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 Co. has a 1 year low of $234.37 and a 1 year high of $393.40. The business has a fifty day simple moving average of $348.69 and a 200 day simple moving average of $343.84. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.48 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is presently 7.96%.

About Curtiss-Wright

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.