California Public Employees Retirement System increased its stake in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 95,549 shares of the aerospace company’s stock after purchasing an additional 3,901 shares during the period. California Public Employees Retirement System’s holdings in Curtiss-Wright were worth $13,297,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Congress Wealth Management LLC DE lifted its position in shares of Curtiss-Wright by 20.6% in the 3rd quarter. Congress Wealth Management LLC DE now owns 8,473 shares of the aerospace company’s stock worth $1,180,000 after acquiring an additional 1,450 shares during the period. Congress Asset Management Co. MA raised its holdings in shares of Curtiss-Wright by 36.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 15,428 shares of the aerospace company’s stock worth $2,147,000 after buying an additional 4,161 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Curtiss-Wright by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 16,407 shares of the aerospace company’s stock worth $2,283,000 after buying an additional 210 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $2,094,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Curtiss-Wright by 122.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,087 shares of the aerospace company’s stock worth $4,880,000 after buying an additional 19,318 shares in the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on CW shares. Truist Financial increased their target price on Curtiss-Wright from $175.00 to $183.00 in a report on Monday, January 9th. Morgan Stanley cut Curtiss-Wright from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $187.00 to $188.00 in a report on Monday, December 12th. Robert W. Baird raised their price target on Curtiss-Wright from $157.00 to $186.00 in a report on Friday, November 4th. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.40.
Curtiss-Wright Stock Down 0.6 %
NYSE CW opened at $170.30 on Wednesday. The stock has a fifty day moving average of $166.24 and a 200-day moving average of $159.78. The stock has a market capitalization of $6.52 billion, a P/E ratio of 25.30 and a beta of 1.24. Curtiss-Wright Co. has a 52 week low of $124.37 and a 52 week high of $182.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.68.
Curtiss-Wright Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 23rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.76 annualized dividend and a dividend yield of 0.45%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.29%.
About Curtiss-Wright
Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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