New Mexico Educational Retirement Board purchased a new stake in Curtiss-Wright Corp. (NYSE:CW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,900 shares of the aerospace company’s stock, valued at approximately $1,328,000.
A number of other hedge funds have also recently made changes to their positions in the business. Swiss National Bank lifted its stake in Curtiss-Wright by 1.4% in the fourth quarter. Swiss National Bank now owns 71,400 shares of the aerospace company’s stock valued at $8,700,000 after acquiring an additional 1,000 shares during the last quarter. Sabal Trust CO acquired a new stake in Curtiss-Wright in the fourth quarter valued at $207,000. Teacher Retirement System of Texas raised its position in shares of Curtiss-Wright by 313.7% in the fourth quarter. Teacher Retirement System of Texas now owns 14,365 shares of the aerospace company’s stock valued at $1,750,000 after purchasing an additional 10,893 shares during the period. ING Groep NV raised its position in shares of Curtiss-Wright by 23.2% in the fourth quarter. ING Groep NV now owns 6,659 shares of the aerospace company’s stock valued at $811,000 after purchasing an additional 1,253 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Curtiss-Wright by 14.4% in the fourth quarter. American Century Companies Inc. now owns 313,793 shares of the aerospace company’s stock valued at $38,236,000 after purchasing an additional 39,582 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.
In related news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $130.66, for a total transaction of $169,858.00. Following the transaction, the director now directly owns 14,234 shares of the company’s stock, valued at $1,859,814.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Charles Adams sold 13,051 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $120.44, for a total transaction of $1,571,862.44. Following the transaction, the chief executive officer now directly owns 88,257 shares in the company, valued at $10,629,673.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,940 shares of company stock worth $2,658,905. 1.10% of the stock is owned by insiders.
Several equities analysts have recently weighed in on CW shares. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Wells Fargo & Co raised shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Tuesday, January 16th. Robert W. Baird started coverage on shares of Curtiss-Wright in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price objective on the stock. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Finally, Bank of America raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Monday, October 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Curtiss-Wright currently has a consensus rating of “Buy” and a consensus price target of $133.29.
Curtiss-Wright Corp. (NYSE CW) opened at $129.79 on Wednesday. The firm has a market cap of $5,615.46, a PE ratio of 26.93, a PEG ratio of 1.92 and a beta of 1.24. Curtiss-Wright Corp. has a 1 year low of $82.77 and a 1 year high of $134.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is 12.45%.
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Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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