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Teacher Retirement System of Texas Sells 6,557 Shares of Curtiss-Wright Corporation (NYSE:CW)

Curtiss-Wright logo with Aerospace background

Teacher Retirement System of Texas reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,531 shares of the aerospace company's stock after selling 6,557 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Curtiss-Wright worth $9,052,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Curtiss-Wright by 6.4% during the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after purchasing an additional 107,115 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after purchasing an additional 6,971 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 4.4%

Curtiss-Wright stock traded up $21.01 during mid-day trading on Friday, hitting $500.66. The stock had a trading volume of 130,150 shares, compared to its average volume of 287,818. The stock has a 50-day simple moving average of $432.79 and a two-hundred day simple moving average of $368.87. The stock has a market capitalization of $18.85 billion, a PE ratio of 44.54, a P/E/G ratio of 3.20 and a beta of 1.15. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $490.71. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $805.65 million for 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 earned $1.99 earnings per share. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.19%. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was 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 approximately $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,130 shares of company stock worth $2,726,412 over the last 90 days. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CW. Robert W. Baird increased their target price 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 target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Check Out Our Latest Stock Analysis on Curtiss-Wright

Curtiss-Wright Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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