Louisiana State Employees Retirement System lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW – Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the aerospace company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Curtiss-Wright were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new position in shares of Curtiss-Wright during the fourth quarter worth $28,000. Wellington Shields & Co. LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth $43,000. Covestor Ltd raised its holdings in shares of Curtiss-Wright by 91.3% during the first quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 167 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth $54,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth $88,000. Hedge funds and other institutional investors own 81.31% of the company’s stock.
Analyst Upgrades and Downgrades
CW has been the subject of several recent research reports. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $196.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 17th. Finally, William Blair started coverage on shares of Curtiss-Wright in a report on Friday, May 19th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $186.80.
Curtiss-Wright Stock Down 0.9 %
Curtiss-Wright (NYSE:CW – Free Report) last announced its earnings results on Wednesday, May 3rd. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.12. Curtiss-Wright had a net margin of 11.81% and a return on equity of 16.54%. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $585.49 million. During the same quarter last year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Co. will post 8.82 earnings per share for the current year.
Curtiss-Wright Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be given a $0.20 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Curtiss-Wright’s dividend payout ratio (DPR) is 9.95%.
About Curtiss-Wright
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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