State of New Jersey Common Pension Fund D Raises Stock Position in Curtiss-Wright Corporation $CW

State of New Jersey Common Pension Fund D lifted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,954 shares of the aerospace company’s stock after acquiring an additional 30 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Curtiss-Wright were worth $5,840,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. TD Asset Management Inc increased its holdings in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after buying an additional 99,643 shares during the period. Bank of New York Mellon Corp increased its holdings in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock valued at $175,417,000 after buying an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock valued at $166,713,000 after buying an additional 6,261 shares during the period. AQR Capital Management LLC increased its holdings in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after buying an additional 54,289 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after buying an additional 14,684 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 2.2%

NYSE:CW opened at $571.01 on Monday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The firm has a fifty day simple moving average of $517.05 and a 200-day simple moving average of $463.65. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $21.52 billion, a P/E ratio of 48.19, a PEG ratio of 3.24 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same period in the previous year, the firm posted $2.67 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s payout ratio is presently 8.10%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Friday. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $526.00.

Curtiss-Wright 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.