New York State Common Retirement Fund Sells 25,403 Shares of Curtiss-Wright Co. (NYSE:CW)

New York State Common Retirement Fund lowered its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,312 shares of the aerospace company's stock after selling 25,403 shares during the period. New York State Common Retirement Fund owned about 0.18% of Curtiss-Wright worth $15,665,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company's stock worth $72,000 after buying an additional 57 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company's stock valued at $1,450,000 after acquiring an additional 59 shares during the period. Montag A & Associates Inc. raised its holdings in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 61 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Curtiss-Wright by 8.3% in the 3rd quarter. Fifth Third Bancorp now owns 825 shares of the aerospace company's stock valued at $161,000 after acquiring an additional 63 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $2.99 during trading on Monday, hitting $257.00. 156,132 shares of the company were exchanged, compared to its average volume of 184,299. The business's 50 day moving average is $247.18 and its 200-day moving average is $227.27. The company has a market capitalization of $9.84 billion, a P/E ratio of 27.93 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. 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 issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company had revenue of $785.79 million for the quarter, compared to analysts' expectations of $737.09 million. During the same quarter in the previous year, the firm posted $2.92 earnings per share. Curtiss-Wright's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts forecast that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.20 per share. 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 dividend payout ratio (DPR) is currently 8.70%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the company's stock in a transaction on Thursday, March 14th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the company's stock in a transaction on Thursday, March 14th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on CW shares. Robert W. Baird increased their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an "outperform" rating in a report on Monday, April 8th. Truist Financial reiterated 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. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average price target of $260.25.

About Curtiss-Wright

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.