Teachers Retirement System of The State of Kentucky Lowers Stock Position in 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 the company in its most recent Form 13F filing with the SEC. 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.

A number of other institutional investors have also added to or reduced their stakes in CW. Tsfg LLC grew its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares during the period. UMB Bank n.a. boosted 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 valued at $35,000 after acquiring an additional 79 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $59,000. Quarry LP increased its stake in shares of Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 161 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $69,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Up 0.1 %

CW stock opened at $366.56 on Friday. Curtiss-Wright Co. has a twelve month low of $212.05 and a twelve month high of $393.40. The firm has a market capitalization of $13.91 billion, a PE ratio of 34.68, a PEG ratio of 2.96 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $362.34 and a two-hundred day simple moving average of $316.57.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of several research reports. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $379.00.

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.