California Public Employees Retirement System Has $27.33 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

California Public Employees Retirement System boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 32.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,656 shares of the aerospace company’s stock after buying an additional 30,229 shares during the quarter. California Public Employees Retirement System’s holdings in Curtiss-Wright were worth $27,327,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Curtiss-Wright by 0.7% during the third quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock valued at $255,803,000 after purchasing an additional 8,470 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Curtiss-Wright by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock worth $139,427,000 after acquiring an additional 2,784 shares during the last quarter. Fiera Capital Corp bought a new stake in Curtiss-Wright in the third quarter worth approximately $31,386,000. International Assets Investment Management LLC bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $31,816,000. Finally, Seizert Capital Partners LLC increased its holdings in Curtiss-Wright by 674.7% in the third quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock worth $21,877,000 after purchasing an additional 97,392 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.2 %

CW stock opened at $254.01 on Friday. The stock’s fifty day simple moving average is $246.71 and its two-hundred day simple moving average is $226.76. The company has a current ratio of 2.13, a quick ratio of 1.50 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. 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 (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS 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 firm had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. During the same quarter in the prior year, the firm earned $2.92 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders 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 dividend yield of 0.31%. Curtiss-Wright’s dividend payout ratio is presently 8.70%.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now owns 10,052 shares in the company, valued at $2,448,164.60. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last 90 days. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CW shares. Robert W. Baird boosted their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus lifted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial reaffirmed a “hold” rating and set a $240.00 target price (down previously 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.25.

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.