State of Alaska Department of Revenue Decreases Holdings in Curtiss-Wright Co. (NYSE:CW)

State of Alaska Department of Revenue trimmed its stake in Curtiss-Wright Co. (NYSE:CW) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,402 shares of the aerospace company’s stock after selling 115 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Curtiss-Wright worth $10,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. purchased a new position in Curtiss-Wright in the fourth quarter valued at approximately $239,000. Oppenheimer & Co. Inc. bought a new stake in shares of Curtiss-Wright in the third quarter valued at $542,000. Fisher Asset Management LLC lifted its position in shares of Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after buying an additional 5,437 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after acquiring an additional 1,754 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth about $210,000. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CW shares. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Down 0.2 %

CW opened at $350.33 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. Curtiss-Wright Co. has a one year low of $224.18 and a one year high of $393.40. The firm has a market capitalization of $13.29 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a fifty day moving average price of $360.28 and a 200-day moving average price of $338.68.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 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.