Retirement Systems of Alabama Trims Position in Curtiss-Wright Co. (NYSE:CW)

Retirement Systems of Alabama lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,911 shares of the aerospace company’s stock after selling 382 shares during the quarter. Retirement Systems of Alabama’s holdings in Curtiss-Wright were worth $31,197,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Trust Point Inc. increased its holdings in shares of Curtiss-Wright by 44.1% during the 4th quarter. Trust Point Inc. now owns 1,848 shares of the aerospace company’s stock worth $656,000 after buying an additional 566 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of Curtiss-Wright by 3.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,462 shares of the aerospace company’s stock worth $1,584,000 after buying an additional 150 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth $212,000. Spire Wealth Management acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth $102,000. Finally, DAVENPORT & Co LLC increased its holdings in shares of Curtiss-Wright by 5.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,194 shares of the aerospace company’s stock worth $424,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.9 %

Shares of Curtiss-Wright stock opened at $351.17 on Thursday. The business has a 50-day moving average of $360.70 and a 200-day moving average of $338.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company has a market capitalization of $13.33 billion, a PE ratio of 33.22, a P/E/G ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $224.18 and a 1-year high of $393.40.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Insider Activity

In other news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Two 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 presently has an average rating of “Moderate Buy” and an average price target of $386.86.

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.