Retirement Systems of Alabama Has $29.02 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Retirement Systems of Alabama trimmed its position in Curtiss-Wright Co. (NYSE:CW) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,293 shares of the aerospace company’s stock after selling 5,208 shares during the quarter. Retirement Systems of Alabama owned about 0.23% of Curtiss-Wright worth $29,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CW. International Assets Investment Management LLC lifted its holdings in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after buying an additional 403,701 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares during the last quarter. Congress Asset Management Co. raised its stake in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 3rd quarter worth $47,220,000. Finally, Van ECK Associates Corp increased its holdings in shares of Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after purchasing an additional 86,955 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent research reports. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Morgan Stanley boosted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $379.00.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $366.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The business’s fifty day moving average price is $362.34 and its two-hundred day moving average price is $316.57. Curtiss-Wright Co. has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

About Curtiss-Wright

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.