California Public Employees Retirement System Buys 30,229 Shares of Curtiss-Wright Co. (NYSE:CW)

California Public Employees Retirement System boosted its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,656 shares of the aerospace company's stock after acquiring an additional 30,229 shares during the quarter. California Public Employees Retirement System owned 0.32% of Curtiss-Wright worth $27,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Curtiss-Wright by 92.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company's stock valued at $1,835,000 after acquiring an additional 3,957 shares during the last quarter. Cadinha & Co. LLC raised its position in Curtiss-Wright by 1,101.1% in the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company's stock valued at $15,507,000 after purchasing an additional 63,810 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Curtiss-Wright by 71.8% in 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 purchasing an additional 2,924 shares during the period. Los Angeles Capital Management LLC raised its position in Curtiss-Wright by 729.1% in 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 purchasing an additional 17,964 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Curtiss-Wright by 80.5% in the third quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company's stock valued at $13,589,000 after purchasing an additional 30,972 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.2 %

Curtiss-Wright stock traded up $0.52 during midday trading on Friday, hitting $254.01. The stock had a trading volume of 137,055 shares, compared to its average volume of 185,580. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The stock has a market cap of $9.72 billion, a P/E ratio of 27.61 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $157.72 and a 12 month high of $261.46. The business has a fifty day moving average price of $246.71 and a 200 day moving average price of $226.90.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.92 earnings per share. Research analysts predict that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.31%. Curtiss-Wright's payout ratio is currently 8.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CW shares. Stifel Nicolaus lifted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the stock a "buy" rating in a research report on Wednesday, April 17th. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Robert W. Baird lifted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Finally, Truist Financial reaffirmed a "hold" rating and set a $240.00 target price (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 and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.25.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred 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 in the company, valued at $4,171,920. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Lynn M. Bamford sold 2,620 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 17,383 shares of the company's stock, valued at $4,171,920. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 over the last ninety days. Company insiders own 0.67% of the company's stock.

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.