Public Employees Retirement System of Ohio Has $4.96 Million Position in Curtiss-Wright Co. (NYSE:CW)

Public Employees Retirement System of Ohio decreased its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,987 shares of the aerospace company's stock after selling 940 shares during the period. Public Employees Retirement System of Ohio's holdings in Curtiss-Wright were worth $4,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Curtiss-Wright by 28.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,653 shares of the aerospace company's stock worth $941,000 after buying an additional 584 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Curtiss-Wright by 2.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,542 shares of the aerospace company's stock valued at $902,000 after acquiring an additional 60 shares during the last quarter. Blue Trust Inc. boosted its stake in Curtiss-Wright by 68.2% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the aerospace company's stock valued at $191,000 after acquiring an additional 236 shares during the last quarter. KBC Group NV grew its holdings in Curtiss-Wright by 48.9% during the 4th quarter. KBC Group NV now owns 1,526 shares of the aerospace company's stock worth $542,000 after acquiring an additional 501 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Curtiss-Wright by 13.7% in the 4th quarter. Pacer Advisors Inc. now owns 8,215 shares of the aerospace company's stock worth $2,915,000 after purchasing an additional 991 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW traded up $3.47 on Monday, reaching $443.58. The company had a trading volume of 264,901 shares, compared to its average volume of 276,700. The company has a market capitalization of $16.70 billion, a P/E ratio of 42.05, a PEG ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $358.20 and a 200-day moving average of $351.68. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $453.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period last year, the firm posted $1.99 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Robert W. Baird upped their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Citigroup reduced their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $404.29.

Insider Transactions at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,092 shares of company stock valued at $3,783,319 in the last quarter. Insiders own 0.55% of the company's stock.

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.