Louisiana State Employees Retirement System Trims Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Louisiana State Employees Retirement System reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,500 shares of the aerospace company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Curtiss-Wright were worth $3,726,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Curtiss-Wright in the 2nd quarter worth about $238,000. CWM LLC boosted its holdings in shares of Curtiss-Wright by 84.7% in the third quarter. CWM LLC now owns 1,228 shares of the aerospace company’s stock valued at $404,000 after purchasing an additional 563 shares during the period. UMB Bank n.a. grew its stake in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Creative Planning increased its holdings in Curtiss-Wright by 8.2% during the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock worth $988,000 after purchasing an additional 227 shares during the period. Finally, Tsfg LLC raised its position in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $341.92 on Thursday. The company has a market capitalization of $12.98 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The company’s fifty day moving average price is $358.44 and its 200 day moving average price is $341.03. Curtiss-Wright Co. has a 1 year low of $225.33 and a 1 year high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. On average, research analysts predict that Curtiss-Wright Co. will post 10.72 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CW shares. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.86.

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.