State of Alaska Department of Revenue Grows Stake in Curtiss-Wright Co. (NYSE:CW)

State of Alaska Department of Revenue grew its position in Curtiss-Wright Co. (NYSE:CWGet Rating) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 31,333 shares of the aerospace company’s stock after purchasing an additional 886 shares during the period. State of Alaska Department of Revenue’s holdings in Curtiss-Wright were worth $4,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Curtiss-Wright by 18.8% during the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock worth $645,770,000 after buying an additional 680,850 shares during the period. State Street Corp lifted its stake in shares of Curtiss-Wright by 10.4% during the first quarter. State Street Corp now owns 1,500,162 shares of the aerospace company’s stock worth $225,531,000 after buying an additional 141,697 shares during the period. Invesco Ltd. lifted its stake in shares of Curtiss-Wright by 5.9% during the fourth quarter. Invesco Ltd. now owns 993,167 shares of the aerospace company’s stock worth $137,723,000 after buying an additional 54,968 shares during the period. Wellington Management Group LLP lifted its stake in shares of Curtiss-Wright by 31.7% during the first quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company’s stock worth $113,655,000 after buying an additional 182,125 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Curtiss-Wright by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 638,153 shares of the aerospace company’s stock worth $95,828,000 after buying an additional 16,948 shares during the period. 84.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial lowered their price objective on shares of Curtiss-Wright from $167.00 to $166.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 9th. Finally, Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $168.00 to $155.00 in a research report on Monday, July 18th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.40.

Curtiss-Wright Trading Down 1.5 %

NYSE CW opened at $142.98 on Thursday. The company has a market capitalization of $5.49 billion, a PE ratio of 21.93 and a beta of 1.29. The company has a fifty day moving average of $144.01 and a 200 day moving average of $143.31. Curtiss-Wright Co. has a 1 year low of $120.61 and a 1 year high of $162.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.90.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.66%.

About Curtiss-Wright

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Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

Further Reading

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

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