Louisiana State Employees Retirement System Purchases Shares of 10,700 Curtiss-Wright Co. (NYSE:CW)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CW. American Century Companies Inc. lifted its position in Curtiss-Wright by 16.9% during the first quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after buying an additional 593 shares in the last quarter. 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 valued at $849,000 after purchasing an additional 756 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Curtiss-Wright by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 121 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Curtiss-Wright by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock valued at $2,159,000 after purchasing an additional 1,371 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CW shares. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 26th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Truist Financial reiterated a “hold” rating and set a $240.00 price objective (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Finally, Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $256.00.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the sale, the chief executive officer now owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. 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 90 days. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 1.2 %

Shares of NYSE:CW opened at $249.94 on Wednesday. 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 company has a fifty day simple moving average of $243.33 and a 200 day simple moving average of $223.82. The firm has a market cap of $9.57 billion, a PE ratio of 27.17 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.

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

Curtiss-Wright Dividend Announcement

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

Curtiss-Wright Company 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.