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

California Public Employees Retirement System increased its position in Curtiss-Wright Co. (NYSE:CW) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,656 shares of the aerospace company’s stock after buying an additional 30,229 shares during the period. California Public Employees Retirement System owned 0.32% of Curtiss-Wright worth $27,327,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $25,000. First Horizon Advisors Inc. increased its holdings in Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after buying an additional 132 shares during the last quarter. Montag A & Associates Inc. increased its holdings in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after buying an additional 61 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in Curtiss-Wright in the third quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC grew its holdings in Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.2 %

CW opened at $254.01 on Friday. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46. 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 capitalization of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18. The business has a 50 day moving average of $246.71 and a 200-day moving average of $226.76.

Curtiss-Wright (NYSE:CW) last posted 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 company had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. Curtiss-Wright’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.92 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird increased their price target 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. Truist Financial reiterated a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, Stifel Nicolaus increased their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.25.

Insider Buying and Selling

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright 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 completion of the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last ninety days. 0.67% of the stock is owned by company insiders.

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.