South Dakota Investment Council Lowers Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

South Dakota Investment Council lowered its holdings in Curtiss-Wright Co. (NYSE:CW) by 17.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,375 shares of the aerospace company’s stock after selling 5,300 shares during the period. South Dakota Investment Council’s holdings in Curtiss-Wright were worth $5,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CW. Contravisory Investment Management Inc. purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at $25,000. First Horizon Advisors Inc. grew its position in shares of Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 132 shares during the period. Montag A & Associates Inc. grew its position in shares of Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares during the period. FSC Wealth Advisors LLC purchased a new stake in shares of Curtiss-Wright in the third quarter valued at $32,000. Finally, Venturi Wealth Management LLC grew its position in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 0.1 %

Shares of CW traded down $0.35 during midday trading on Wednesday, reaching $252.97. 63,826 shares of the company were exchanged, compared to its average volume of 184,650. The stock has a 50-day moving average price of $245.60 and a 200-day moving average price of $225.84. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 27.53 and a beta of 1.18. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The company had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 earnings per share. Research analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.70%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CW. Truist Financial reissued a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird boosted their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Buy” and an average target price of $260.25.

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at $3,985,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is currently owned by corporate insiders.

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.