Curtiss-Wright Corporation $CW Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 7.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,683 shares of the aerospace company’s stock after buying an additional 681 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Curtiss-Wright were worth $4,731,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Curtiss-Wright in the second quarter valued at $270,731,000. Donoghue Forlines LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $2,799,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $933,000. Candriam S.C.A. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $723,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Curtiss-Wright by 3.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,346 shares of the aerospace company’s stock worth $7,009,000 after purchasing an additional 536 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

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

Analyst Ratings Changes

A number of brokerages have weighed in on CW. Truist Financial lifted their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $562.83.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $537.45 on Wednesday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $612.28. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $19.82 billion, a P/E ratio of 45.35, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. The stock has a 50 day moving average of $549.11 and a 200-day moving average of $494.26.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. During the same quarter in the previous year, the firm earned $2.89 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

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.