National Pension Service Has $48.44 Million Stock Holdings in Curtiss-Wright Corporation $CW

National Pension Service lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 2,974.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 63,928 shares of the aerospace company’s stock after purchasing an additional 61,849 shares during the quarter. National Pension Service’s holdings in Curtiss-Wright were worth $48,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $201,000. RFG Advisory LLC grew its stake in Curtiss-Wright by 40.8% in the 2nd quarter. RFG Advisory LLC now owns 600 shares of the aerospace company’s stock valued at $455,000 after buying an additional 174 shares during the last quarter. NewEdge Advisors LLC grew its stake in Curtiss-Wright by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,686 shares of the aerospace company’s stock valued at $1,278,000 after buying an additional 261 shares during the last quarter. Allworth Financial LP raised its holdings in Curtiss-Wright by 7.3% in the 2nd quarter. Allworth Financial LP now owns 782 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 53 shares during the period. Finally, Arizona State Retirement System raised its holdings in Curtiss-Wright by 5.6% in the 2nd quarter. Arizona State Retirement System now owns 10,582 shares of the aerospace company’s stock valued at $8,019,000 after acquiring an additional 557 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CW shares. Stifel Nicolaus lifted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Piper Sandler began coverage on shares of Curtiss-Wright in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price target on the stock. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $765.71.

Curtiss-Wright Trading Down 0.2%

CW opened at $558.50 on Friday. Curtiss-Wright Corporation has a 1-year low of $490.66 and a 1-year high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The company has a market cap of $20.63 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 2.52 and a beta of 0.84. The company has a fifty day moving average price of $679.86 and a two-hundred day moving average price of $706.99.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.23 EPS. Analysts predict that Curtiss-Wright Corporation will post 15.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.26 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.16%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.