State of Tennessee Treasury Department purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the aerospace company’s stock, valued at approximately $2,614,000. State of Tennessee Treasury Department owned approximately 0.06% of Curtiss-Wright as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Curtiss-Wright by 0.6% during the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock worth $470,833,000 after purchasing an additional 30,422 shares in the last quarter. State Street Corp lifted its stake in Curtiss-Wright by 5.8% during the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock worth $163,017,000 after purchasing an additional 97,137 shares in the last quarter. Northern Trust Corp lifted its stake in Curtiss-Wright by 1.5% during the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock worth $113,933,000 after purchasing an additional 17,769 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Curtiss-Wright by 4.8% during the second quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock worth $62,271,000 after purchasing an additional 30,777 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Curtiss-Wright by 137.8% during the second quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock worth $53,641,000 after purchasing an additional 338,718 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

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Shares of Curtiss-Wright Co. (NYSE:CW) opened at $118.29 on Friday. The stock has a market capitalization of $5,260.00, a price-to-earnings ratio of 24.78, a PEG ratio of 2.02 and a beta of 1.25. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. Curtiss-Wright Co. has a 52 week low of $82.77 and a 52 week high of $120.54.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright had a return on equity of 17.89% and a net margin of 11.26%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. analysts anticipate that Curtiss-Wright Co. will post 4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright’s payout ratio is currently 12.35%.

In other news, CEO David Charles Adams sold 17,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the sale, the chief executive officer now directly owns 70,570 shares in the company, valued at $8,400,652.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Nathman sold 1,300 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $117.28, for a total value of $152,464.00. Following the completion of the sale, the director now owns 4,155 shares in the company, valued at $487,298.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,570 shares of company stock worth $6,091,796. Insiders own 1.10% of the company’s stock.

CW has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Curtiss-Wright from $117.00 to $124.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. SunTrust Banks, Inc. restated a “buy” rating and set a $128.00 price target on shares of Curtiss-Wright in a research note on Friday, October 20th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.67.

About Curtiss-Wright

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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