Curtiss-Wright Co. (NYSE:CW) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 23.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,407 shares of the aerospace company's stock after selling 3,757 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Curtiss-Wright were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tsfg LLC lifted its holdings in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 79 shares in the last quarter. Brooklyn Investment Group purchased a new position in Curtiss-Wright in the third quarter valued at $59,000. Quarry LP increased its holdings in Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company's stock worth $68,000 after purchasing an additional 161 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the 3rd quarter worth about $69,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded up $0.65 on Friday, hitting $366.92. The stock had a trading volume of 173,687 shares, compared to its average volume of 226,525. The stock has a market cap 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. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company's 50 day moving average price is $362.34 and its 200 day moving average price is $316.57.

Curtiss-Wright Announces Dividend

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

Insider Activity

In related news, VP John C. Watts sold 412 shares of the firm's 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price objective for the company. Finally, Truist Financial increased their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $379.00.

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.