Curtiss-Wright Co. (NYSE:CW) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,293 shares of the aerospace company's stock after selling 5,208 shares during the period. Retirement Systems of Alabama owned 0.23% of Curtiss-Wright worth $29,021,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Curtiss-Wright by 1.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,305 shares of the aerospace company's stock valued at $1,708,000 after purchasing an additional 112 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Curtiss-Wright by 30,079.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock valued at $81,943,000 after buying an additional 301,394 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Curtiss-Wright by 48.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,661 shares of the aerospace company's stock worth $721,000 after purchasing an additional 874 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Curtiss-Wright by 363.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,531 shares of the aerospace company's stock worth $415,000 after buying an additional 1,201 shares during the last quarter. Finally, Dakota Wealth Management bought a new position in Curtiss-Wright in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Activity

In related news, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CW shares. Morgan Stanley raised their price target 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. Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target for the company. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $379.00.

Curtiss-Wright Trading Up 0.2 %

CW stock traded up $0.65 during mid-day trading on Friday, reaching $366.92. 173,687 shares of the stock traded hands, compared to its average volume of 226,525. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The business has a 50-day moving average price of $362.34 and a two-hundred day moving average price of $316.57. The stock has a market capitalization of $13.92 billion, a PE ratio of 34.71, a PEG ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

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

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.