New York State Teachers Retirement System Sells 1,600 Shares of Curtiss-Wright Co. (NYSE:CW)

New York State Teachers Retirement System reduced its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 2.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,906 shares of the aerospace company's stock after selling 1,600 shares during the period. New York State Teachers Retirement System owned 0.14% of Curtiss-Wright worth $17,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company's stock valued at $19,524,000 after buying an additional 21,074 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Curtiss-Wright in the first quarter valued at about $256,000. First Trust Direct Indexing L.P. bought a new stake in shares of Curtiss-Wright in the 1st quarter valued at about $208,000. Norden Group LLC raised its position in shares of Curtiss-Wright by 41.0% in the 1st quarter. Norden Group LLC now owns 2,829 shares of the aerospace company's stock valued at $724,000 after acquiring an additional 823 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Curtiss-Wright by 96.6% during the 1st quarter. Private Advisor Group LLC now owns 2,112 shares of the aerospace company's stock worth $541,000 after acquiring an additional 1,038 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now owns 1,382 shares of the company's stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Up 1.1 %

CW stock traded up $3.86 during trading hours on Friday, reaching $348.82. 211,457 shares of the stock were exchanged, compared to its average volume of 221,654. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 33.00 and a beta of 1.18. The firm's 50-day moving average is $329.92 and its 200-day moving average is $294.96. Curtiss-Wright Co. has a 12 month low of $198.45 and a 12 month high of $371.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.39% and a net margin of 13.20%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same period last year, the company earned $2.15 earnings per share. Curtiss-Wright's quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts expect that Curtiss-Wright Co. will post 10.58 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright's payout ratio is 7.95%.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday. They issued an "overweight" rating and a $412.00 target price for the company. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Truist Financial boosted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research note on Friday. Finally, Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued 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 a consensus price target of $349.60.

Curtiss-Wright 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.