Curtiss-Wright Corporation $CW Position Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Curtiss-Wright Corporation (NYSE:CW) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,129 shares of the aerospace company’s stock after selling 648 shares during the period. Illinois Municipal Retirement Fund’s holdings in Curtiss-Wright were worth $2,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CW. Cerity Partners LLC grew its holdings in shares of Curtiss-Wright by 2.8% in the 1st quarter. Cerity Partners LLC now owns 7,298 shares of the aerospace company’s stock worth $2,315,000 after acquiring an additional 202 shares during the last quarter. CWM LLC increased its stake in Curtiss-Wright by 30.7% in the 1st quarter. CWM LLC now owns 1,909 shares of the aerospace company’s stock worth $606,000 after purchasing an additional 448 shares in the last quarter. Signaturefd LLC increased its stake in Curtiss-Wright by 10.3% in the 1st quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 44 shares in the last quarter. Burns Matteson Capital Management LLC raised its holdings in Curtiss-Wright by 33.5% during the 1st quarter. Burns Matteson Capital Management LLC now owns 797 shares of the aerospace company’s stock worth $253,000 after buying an additional 200 shares during the period. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Curtiss-Wright during the first quarter valued at about $263,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was 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 owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $545.80 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The stock has a fifty day moving average price of $545.42 and a 200 day moving average price of $488.09. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the previous year, the company earned $2.89 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CW shares. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial lifted their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $562.83.

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.