Arizona State Retirement System increased its position in shares of Curtiss-Wright Corp. (NYSE:CW) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,763 shares of the aerospace company’s stock after buying an additional 6,739 shares during the period. Arizona State Retirement System’s holdings in Curtiss-Wright were worth $3,870,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signition LP bought a new stake in Curtiss-Wright in the 4th quarter valued at $215,000. The Manufacturers Life Insurance Company boosted its holdings in Curtiss-Wright by 8.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 104,844 shares of the aerospace company’s stock valued at $12,776,000 after purchasing an additional 8,600 shares during the period. Wells Fargo & Company MN boosted its holdings in Curtiss-Wright by 22.1% in the 4th quarter. Wells Fargo & Company MN now owns 354,428 shares of the aerospace company’s stock valued at $43,187,000 after purchasing an additional 64,159 shares during the period. First Trust Advisors LP boosted its holdings in Curtiss-Wright by 67.2% in the 4th quarter. First Trust Advisors LP now owns 11,241 shares of the aerospace company’s stock valued at $1,370,000 after purchasing an additional 4,516 shares during the period. Finally, New Mexico Educational Retirement Board bought a new stake in Curtiss-Wright in the 4th quarter valued at $1,328,000. 75.55% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Robert W. Baird assumed coverage on shares of Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price target for the company. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. William Blair reissued a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Seaport Global Securities reaffirmed a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a report on Monday. Finally, Zacks Investment Research downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Curtiss-Wright has a consensus rating of “Buy” and a consensus price target of $137.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s payout ratio is 12.47%.
In other news, VP Tom P. Quinly sold 14,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $137.26, for a total transaction of $1,990,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP K Christopher Farkas sold 700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $120.25, for a total transaction of $84,175.00. Following the transaction, the vice president now directly owns 2,152 shares of the company’s stock, valued at $258,778. The disclosure for this sale can be found here. Insiders have sold a total of 36,440 shares of company stock valued at $4,649,175 over the last ninety days. 1.10% of the stock is owned by insiders.
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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