Teacher Retirement System of Texas Has $12.45 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Teacher Retirement System of Texas raised its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,088 shares of the aerospace company’s stock after buying an additional 45 shares during the period. Teacher Retirement System of Texas’ holdings in Curtiss-Wright were worth $12,452,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CW. William Blair Investment Management LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $132,626,000. TimesSquare Capital Management LLC boosted its stake in Curtiss-Wright by 1,773.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after purchasing an additional 166,672 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after buying an additional 163,433 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $47,220,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CW shares. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $325.62 on Friday. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $337.26 and its 200 day simple moving average is $345.23. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s payout ratio is 7.96%.

Curtiss-Wright Company 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.