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

New York State Teachers Retirement System lowered its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,606 shares of the aerospace company's stock after selling 1,200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Curtiss-Wright worth $16,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CW. Shilanski & Associates Inc. raised its stake in shares of Curtiss-Wright by 5.4% during the 1st quarter. Shilanski & Associates Inc. now owns 5,908 shares of the aerospace company's stock worth $1,874,000 after buying an additional 302 shares in the last quarter. KBC Group NV grew its holdings in Curtiss-Wright by 9.6% during the first quarter. KBC Group NV now owns 1,673 shares of the aerospace company's stock worth $531,000 after acquiring an additional 147 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Curtiss-Wright by 0.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,623 shares of the aerospace company's stock worth $58,258,000 after acquiring an additional 1,371 shares in the last quarter. Tsfg LLC raised its position in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after acquiring an additional 115 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares of the company's stock, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the sale, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,130 shares of company stock valued at $2,726,412. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

NYSE:CW traded up $21.01 during trading hours on Thursday, reaching $500.66. 130,150 shares of the company traded hands, compared to its average volume of 287,175. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm's 50-day moving average is $426.26 and its 200-day moving average is $366.97. The stock has a market cap of $18.85 billion, a P/E ratio of 44.54, a P/E/G ratio of 3.13 and a beta of 1.15. Curtiss-Wright Corporation has a 1-year low of $258.85 and a 1-year high of $500.66.

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

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.19%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CW shares. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup upped their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial decreased their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

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.