South Dakota Investment Council Sells 5,300 Shares of Curtiss-Wright Co. (NYSE:CW)

South Dakota Investment Council trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,375 shares of the aerospace company's stock after selling 5,300 shares during the period. South Dakota Investment Council owned about 0.07% of Curtiss-Wright worth $5,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of Curtiss-Wright by 92.5% during the fourth quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company's stock worth $1,835,000 after acquiring an additional 3,957 shares in the last quarter. Cadinha & Co. LLC raised its holdings in Curtiss-Wright by 1,101.1% during the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company's stock valued at $15,507,000 after buying an additional 63,810 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Curtiss-Wright by 71.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company's stock valued at $1,558,000 after buying an additional 2,924 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Curtiss-Wright by 729.1% during the third quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company's stock valued at $3,996,000 after buying an additional 17,964 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Curtiss-Wright by 80.5% during the third quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company's stock valued at $13,589,000 after buying an additional 30,972 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent research reports. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Friday, April 19th. Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $260.25.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Lynn M. Bamford sold 2,620 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at approximately $8,714,302.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,451 shares of company stock worth $3,030,512. Insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

NYSE CW traded down $0.68 during trading on Wednesday, reaching $252.64. 115,670 shares of the company traded hands, compared to its average volume of 185,383. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The stock's 50 day moving average price is $245.96 and its two-hundred day moving average price is $226.03. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 27.46 and a beta of 1.18. 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 released its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. During the same period in the previous year, the business earned $2.92 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Announces Dividend

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

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.