North Dakota State Investment Board Purchases New Stake in Curtiss-Wright Corporation $CW

North Dakota State Investment Board purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,323 shares of the aerospace company’s stock, valued at approximately $729,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CW. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $26,000. Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth $43,000. Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright during the third quarter worth $43,000. Finally, V Square Quantitative Management LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of several recent analyst reports. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Citigroup raised their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 252 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the transaction, the vice president directly owned 2,571 shares in the company, valued at $1,771,778.94. This trade represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the transaction, the chief executive officer owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,961 shares of company stock valued at $4,039,279. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Trading Up 2.9%

CW opened at $725.23 on Thursday. Curtiss-Wright Corporation has a 52 week low of $412.92 and a 52 week high of $760.72. The business has a fifty day simple moving average of $708.07 and a 200-day simple moving average of $644.75. The firm has a market cap of $26.79 billion, a P/E ratio of 53.13, a P/E/G ratio of 3.27 and a beta of 0.86. 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 (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same period last year, the business posted $2.82 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Curtiss-Wright Company Profile

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.