Curtiss-Wright Corporation (NYSE:CW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 23.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,371 shares of the aerospace company's stock after selling 17,900 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Curtiss-Wright worth $18,202,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC increased its stake in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $35,000. Private Trust Co. NA boosted its holdings in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW traded up $2.70 during mid-day trading on Friday, reaching $486.80. 199,246 shares of the company's stock were exchanged, compared to its average volume of 289,420. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $457.66 and a two-hundred day simple moving average of $377.56. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $493.95. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 3.08 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The company had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period in the previous year, the company earned $1.99 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were issued a $0.24 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is currently 8.54%.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer owned 9,253 shares in the company, valued at $3,238,550. The trade was a 34.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock worth $2,726,412 in the last quarter. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Morgan Stanley upped their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Truist Financial reduced their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Finally, Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $447.00.

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.