South Dakota Investment Council Sells 600 Shares of Curtiss-Wright Co. (NYSE:CW)

South Dakota Investment Council lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,709 shares of the aerospace company’s stock after selling 600 shares during the quarter. South Dakota Investment Council’s holdings in Curtiss-Wright were worth $8,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright in the third quarter worth $59,000. UMB Bank n.a. grew its stake in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright in the third quarter worth $69,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 4.3 %

NYSE CW opened at $316.15 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 12 month low of $234.37 and a 12 month high of $393.40. The stock has a market cap of $11.91 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.48 and a beta of 1.19. The stock’s fifty day moving average price is $352.38 and its 200-day moving average price is $343.34.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend payout ratio (DPR) is currently 7.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial upped their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Morgan Stanley upped their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright 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 completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, 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 quarter, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Company 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.