Public Employees Retirement System of Ohio Sells 1,394 Shares of Curtiss-Wright Co. (NYSE:CW)

Public Employees Retirement System of Ohio lessened its holdings in Curtiss-Wright Co. (NYSE:CW) by 8.5% during the 3rd quarter, Holdings Channel reports. The firm owned 14,927 shares of the aerospace company’s stock after selling 1,394 shares during the period. Public Employees Retirement System of Ohio’s holdings in Curtiss-Wright were worth $4,906,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tsfg LLC lifted its stake in Curtiss-Wright by 191.4% in 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. increased its stake in shares of Curtiss-Wright by 303.8% in the 3rd 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 acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Quarry LP boosted its stake in 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 acquiring an additional 161 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Curtiss-Wright during the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, 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 position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CW. Truist Financial lifted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. 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 research report on Monday, November 18th. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.00.

Curtiss-Wright Stock Up 0.2 %

Shares of Curtiss-Wright stock opened at $366.92 on Friday. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. 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 business’s 50 day simple moving average is $362.34 and its 200 day simple moving average is $316.84. The firm has a market cap of $13.92 billion, a PE ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The firm 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 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Curtiss-Wright 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.