Louisiana State Employees Retirement System Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Louisiana State Employees Retirement System acquired a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,700 shares of the aerospace company's stock, valued at approximately $2,384,000.

Several other large investors have also modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Curtiss-Wright by 16.9% during the first quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company's stock worth $614,000 after buying an additional 593 shares during the period. US Bancorp DE raised its stake in shares of Curtiss-Wright by 15.4% during the first quarter. US Bancorp DE now owns 5,655 shares of the aerospace company's stock worth $849,000 after purchasing an additional 756 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Curtiss-Wright by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company's stock valued at $1,141,000 after buying an additional 121 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Curtiss-Wright in the 1st quarter valued at $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Curtiss-Wright by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company's stock worth $2,159,000 after buying an additional 1,371 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company's stock, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares of the company's stock, valued at approximately $4,171,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares of the company's stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock worth $3,030,512 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Shares of CW stock traded down $0.19 during midday trading on Wednesday, reaching $249.74. 142,569 shares of the company traded hands, compared to its average volume of 188,163. The firm has a market cap of $9.56 billion, a PE ratio of 27.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm's 50 day simple moving average is $243.79 and its two-hundred day simple moving average is $224.00. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.24. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. Curtiss-Wright's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.92 earnings per share. On average, equities research analysts expect that Curtiss-Wright Co. will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial reaffirmed a "hold" rating and issued a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 26th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird increased their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.25.

Curtiss-Wright 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.