State Board of Administration of Florida Retirement System Sells 1,820 Shares of Curtiss-Wright Co. (NYSE:CW)

State Board of Administration of Florida Retirement System reduced its position in shares of Curtiss-Wright Co. (NYSE:CW) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,080 shares of the aerospace company’s stock after selling 1,820 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Curtiss-Wright worth $9,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CW. Vanguard Group Inc. lifted its stake in shares of Curtiss-Wright by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock worth $810,714,000 after acquiring an additional 46,954 shares during the period. Norges Bank acquired a new position in Curtiss-Wright during the 4th quarter valued at about $113,885,000. Global Alpha Capital Management Ltd. increased its holdings in Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after purchasing an additional 103,780 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Curtiss-Wright by 18.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 247,225 shares of the aerospace company’s stock worth $55,079,000 after purchasing an additional 38,986 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Curtiss-Wright by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 238,644 shares of the aerospace company’s stock valued at $53,167,000 after buying an additional 5,185 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the transaction, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the sale, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. Insiders purchased a total of 120 shares of company stock valued at $27,914 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CW. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Thursday. Truist Financial lifted their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. 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 note on Monday, April 8th. Finally, Stifel Nicolaus boosted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.50.

Curtiss-Wright Trading Down 1.3 %

Shares of CW opened at $277.08 on Friday. The business’s 50-day moving average price is $276.25 and its 200-day moving average price is $253.10. Curtiss-Wright Co. has a twelve month low of $187.57 and a twelve month high of $288.44. The stock has a market cap of $10.61 billion, a PE ratio of 28.54 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter last year, the company posted $1.53 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Curtiss-Wright Co. will post 10.25 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, June 17th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is currently 8.65%.

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.