California Public Employees Retirement System Reduces Holdings in Curtiss-Wright Co. (NYSE:CW)

California Public Employees Retirement System cut its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,352 shares of the aerospace company's stock after selling 3,631 shares during the quarter. California Public Employees Retirement System owned 0.29% of Curtiss-Wright worth $38,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CW. Tidal Investments LLC raised its holdings in Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after purchasing an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after buying an additional 30 shares during the period. Cornerstone Investment Partners LLC boosted its position in Curtiss-Wright by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after acquiring an additional 32 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock worth $275,000 after acquiring an additional 37 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock worth $7,436,255 over the last quarter. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Up 1.6 %

Shares of NYSE CW traded up $4.56 during trading on Monday, reaching $287.74. The company had a trading volume of 516,366 shares, compared to its average volume of 261,977. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The business's 50-day moving average is $326.17 and its 200 day moving average is $346.71. The stock has a market cap of $10.84 billion, a PE ratio of 27.27, a P/E/G ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced 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 net margin of 12.98% and a return on equity of 17.11%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is 7.96%.

Analyst Ratings Changes

CW has been the subject of a number of research analyst reports. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

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.