Maryland State Retirement & Pension System Sells 143 Shares of Curtiss-Wright Co. (NYSE:CW)

Maryland State Retirement & Pension System lowered its position in Curtiss-Wright Co. (NYSE:CW) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,036 shares of the aerospace company’s stock after selling 143 shares during the period. Maryland State Retirement & Pension System’s holdings in Curtiss-Wright were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CW. Pathstone Holdings LLC raised its holdings in Curtiss-Wright by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after purchasing an additional 45 shares in the last quarter. Caprock Group LLC increased its stake in shares of Curtiss-Wright by 13.4% in the 3rd quarter. Caprock Group LLC now owns 890 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 105 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Curtiss-Wright by 854.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,973 shares of the aerospace company’s stock worth $5,578,000 after acquiring an additional 15,194 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in Curtiss-Wright by 3.0% in the third quarter. Eagle Asset Management Inc. now owns 26,011 shares of the aerospace company’s stock worth $8,550,000 after purchasing an additional 754 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Curtiss-Wright by 6.4% during the third quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company’s stock valued at $18,426,000 after purchasing an additional 3,362 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, 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 value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright 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 in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $336.56 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The business has a 50-day simple moving average of $336.99 and a two-hundred day simple moving average of $346.08. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial upped their price target 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 initiated 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 initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.86.

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.