Illinois Municipal Retirement Fund Has $2.99 Million Stake in Curtiss-Wright Corporation $CW

Illinois Municipal Retirement Fund lowered its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,129 shares of the aerospace company’s stock after selling 648 shares during the period. Illinois Municipal Retirement Fund’s holdings in Curtiss-Wright were worth $2,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. Penserra Capital Management LLC bought a new stake in Curtiss-Wright in the second quarter valued at about $29,000. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter worth approximately $32,000. West Oak Capital LLC bought a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $49,000. True Wealth Design LLC lifted its holdings in shares of Curtiss-Wright by 1,540.0% during the second quarter. True Wealth Design LLC now owns 164 shares of the aerospace company’s stock valued at $80,000 after acquiring an additional 154 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Curtiss-Wright by 20.3% in the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 32 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CW. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial lifted their price objective on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Stock Performance

CW stock opened at $545.80 on Friday. The company has a 50 day moving average price of $545.42 and a 200 day moving average price of $488.09. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28. 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 stock has a market capitalization of $20.13 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.89 EPS. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

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.