Teachers Retirement System of The State of Kentucky Sells 3,757 Shares of Curtiss-Wright Co. (NYSE:CW)

Teachers Retirement System of The State of Kentucky cut its position in shares of Curtiss-Wright Co. (NYSE:CW) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,407 shares of the aerospace company’s stock after selling 3,757 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Curtiss-Wright were worth $4,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares during the period. Congress Asset Management Co. lifted its stake in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $47,220,000. Finally, Van ECK Associates Corp grew its position in Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after acquiring an additional 86,955 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CW. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $379.00.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $366.56 on Friday. The business has a fifty day simple moving average of $362.34 and a two-hundred day simple moving average of $316.57. The firm has a market capitalization of $13.91 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.96 and a beta of 1.18. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s payout ratio is currently 7.95%.

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.