Public Employees Retirement System of Ohio Cuts Holdings in Curtiss-Wright Co. (NYSE:CW)

Public Employees Retirement System of Ohio cut its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,927 shares of the aerospace company's stock after selling 1,394 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Curtiss-Wright were worth $4,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tsfg LLC boosted its position in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares during the period. UMB Bank n.a. boosted its holdings in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 79 shares during the period. Brooklyn Investment Group acquired a new position in Curtiss-Wright during the 3rd quarter worth $59,000. Morse Asset Management Inc acquired a new stake in Curtiss-Wright in the 3rd quarter valued at about $69,000. Finally, Kennebec Savings Bank purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the topic of several analyst reports. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price on the stock. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $379.00.

Curtiss-Wright Stock Performance

Shares of CW stock traded up $0.65 during mid-day trading on Friday, hitting $366.92. 173,687 shares of the stock were exchanged, compared to its average volume of 226,525. The stock's fifty day simple moving average is $362.34 and its two-hundred day simple moving average is $317.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 12-month low of $212.05 and a 12-month high of $393.40. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction 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. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.