South Dakota Investment Council Lowers Holdings in Curtiss-Wright Co. (NYSE:CW)

South Dakota Investment Council lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 17.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,375 shares of the aerospace company’s stock after selling 5,300 shares during the quarter. South Dakota Investment Council owned 0.07% of Curtiss-Wright worth $5,653,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in Curtiss-Wright in the 4th quarter valued at $25,000. First Horizon Advisors Inc. grew its position in Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares during the last quarter. Montag A & Associates Inc. grew its position in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Curtiss-Wright in the 3rd quarter valued at $32,000. Finally, Venturi Wealth Management LLC grew its position in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CW shares. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Truist Financial reissued a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus increased their price target on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird increased their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $260.25.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 2,620 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Down 0.1 %

Shares of NYSE CW traded down $0.35 during mid-day trading on Wednesday, reaching $252.97. 63,826 shares of the company were exchanged, compared to its average volume of 184,650. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 27.53 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $157.72 and a 1 year high of $261.46. The firm has a 50-day moving average of $245.60 and a 200 day moving average of $225.84.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 EPS. On average, research analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

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.