Curtiss-Wright Corporation (NYSE:CW) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 12.4% during the first quarter, Holdings Channel reports. The fund owned 1,783 shares of the aerospace company’s stock after selling 253 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Curtiss-Wright were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $35,000. Private Trust Co. NA boosted its holdings in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Citigroup raised their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Truist Financial cut their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $468.14.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president owned 4,959 shares of the company’s stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director directly owned 4,523 shares of the company’s stock, valued at $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $492.87 on Friday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $517.09. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The firm’s fifty day moving average price is $481.97 and its 200 day moving average price is $394.33.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the previous year, the firm posted $2.67 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

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.