South Dakota Investment Council Cuts Holdings in Curtiss-Wright Corporation (NYSE:CW)

South Dakota Investment Council lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 7.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,865 shares of the aerospace company's stock after selling 1,844 shares during the quarter. South Dakota Investment Council owned about 0.06% of Curtiss-Wright worth $6,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kestra Private Wealth Services LLC raised its holdings in Curtiss-Wright by 75.5% during the first quarter. Kestra Private Wealth Services LLC now owns 1,451 shares of the aerospace company's stock worth $460,000 after purchasing an additional 624 shares during the last quarter. Private Advisor Group LLC increased its stake in Curtiss-Wright by 38.6% in the first quarter. Private Advisor Group LLC now owns 4,721 shares of the aerospace company's stock valued at $1,498,000 after purchasing an additional 1,316 shares during the last quarter. Diversify Advisory Services LLC grew its position in Curtiss-Wright by 24.7% during the first quarter. Diversify Advisory Services LLC now owns 1,498 shares of the aerospace company's stock valued at $510,000 after acquiring an additional 297 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in Curtiss-Wright during the first quarter valued at about $263,000. Finally, Burns Matteson Capital Management LLC boosted its position in shares of Curtiss-Wright by 33.5% in the first quarter. Burns Matteson Capital Management LLC now owns 797 shares of the aerospace company's stock worth $253,000 after buying an additional 200 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the 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 transaction, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer owned 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock valued at $2,726,412 in the last quarter. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Truist Financial cut 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. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average price target of $447.00.

Curtiss-Wright Stock Up 0.6%

Curtiss-Wright stock traded up $2.70 during mid-day trading on Friday, hitting $486.80. 199,246 shares of the company's stock were exchanged, compared to its average volume of 289,420. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $457.66 and a two-hundred day moving average of $377.56. The stock has a market cap of $18.33 billion, a P/E ratio of 43.31, a P/E/G ratio of 3.08 and a beta of 1.15. Curtiss-Wright Corporation has a 1-year low of $258.85 and a 1-year high of $493.95.

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

Curtiss-Wright Increases Dividend

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

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.