Louisiana State Employees Retirement System Takes Position in Curtiss-Wright Corporation $CW

Louisiana State Employees Retirement System bought a new position in Curtiss-Wright Corporation (NYSE:CW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,700 shares of the aerospace company’s stock, valued at approximately $7,288,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC boosted its position in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares during the period. IFP Advisors Inc increased its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 16 shares during the period. Summit Financial LLC raised its stake in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after acquiring an additional 16 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Trading Up 0.5%

NYSE CW opened at $766.61 on Friday. The company has a 50 day moving average price of $736.92 and a 200 day moving average price of $679.17. The firm has a market cap of $28.32 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 3.54 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 52 week low of $463.00 and a 52 week high of $800.00.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup raised their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $746.67.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.