Arizona State Retirement System Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Arizona State Retirement System grew its position in Curtiss-Wright Co. (NYSE:CW) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,699 shares of the aerospace company’s stock after acquiring an additional 189 shares during the period. Arizona State Retirement System’s holdings in Curtiss-Wright were worth $2,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after purchasing an additional 18,939 shares during the period. Boston Partners boosted its stake in shares of Curtiss-Wright by 3.0% in the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after buying an additional 40,657 shares in the last quarter. Norges Bank acquired a new position in Curtiss-Wright during the fourth quarter worth $113,885,000. Global Alpha Capital Management Ltd. raised its position in Curtiss-Wright by 41.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after acquiring an additional 301,394 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have bought 120 shares of company stock worth $27,914. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Up 1.5 %

CW stock opened at $298.29 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. Curtiss-Wright Co. has a 12 month low of $190.64 and a 12 month high of $318.20. The firm has a market capitalization of $11.42 billion, a PE ratio of 30.72 and a beta of 1.18. The company’s 50 day simple moving average is $289.85 and its 200-day simple moving average is $271.06.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter last year, the business posted $2.15 earnings per share. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CW has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley boosted their price target on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Monday, September 2nd. Finally, Robert W. Baird boosted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $307.50.

About Curtiss-Wright

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.