California State Teachers Retirement System Purchases 11,678 Shares of Curtiss-Wright Corporation $CW

California State Teachers Retirement System grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 27.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,902 shares of the aerospace company's stock after purchasing an additional 11,678 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Curtiss-Wright worth $40,844,780 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Curtiss-Wright in the 2nd quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in shares of Curtiss-Wright in the second quarter valued at $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Fiduciary Financial Advisors purchased a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $31,000. Finally, Signature Equity Partners LLC lifted its stake in shares of Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock worth $41,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $14.22 during trading on Tuesday, hitting $565.43. 187,518 shares of the stock were exchanged, compared to its average volume of 298,159. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The company has a market cap of $20.88 billion, a PE ratio of 38.91, a P/E/G ratio of 2.52 and a beta of 0.84. The company has a fifty day moving average price of $675.01 and a two-hundred day moving average price of $705.89. Curtiss-Wright Corporation has a 12-month low of $490.66 and a 12-month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. During the same quarter last year, the business earned $3.23 earnings per share. Curtiss-Wright's revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Curtiss-Wright Corporation will post 15.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.26 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. Curtiss-Wright's payout ratio is 7.16%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CW. Guggenheim began coverage on Curtiss-Wright in a report on Monday. They set a "buy" rating and a $786.00 target price on the stock. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a report on Monday, July 20th. Wall Street Zen cut Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Piper Sandler started coverage on Curtiss-Wright in a research note on Wednesday, September 2nd. They set a "neutral" rating and a $665.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus price target of $768.25.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares of the company's stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry D. Wyche sold 100 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares of the company's stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company's stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation NYSE: CW is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.

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