Glenn E. Tynan Sells 4,353 Shares of Curtiss-Wright Co. (CW) Stock
Curtiss-Wright Co. (NYSE:CW) VP Glenn E. Tynan sold 4,353 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $512,522.22. Following the completion of the sale, the vice president now directly owns 62,278 shares of the company’s stock, valued at approximately $7,332,611.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Curtiss-Wright Co. (CW) opened at $118.29 on Friday. The firm has a market cap of $5,260.00, a P/E ratio of 24.78, a PEG ratio of 2.02 and a beta of 1.25. Curtiss-Wright Co. has a 1-year low of $82.77 and a 1-year high of $120.54. 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 (NYSE:CW) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright had a net margin of 11.26% and a return on equity of 17.89%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. sell-side analysts expect that Curtiss-Wright Co. will post 4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.35%.
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CW has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $128.00 target price on shares of Curtiss-Wright in a research note on Friday, October 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright in a research note on Friday, October 6th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Curtiss-Wright has a consensus rating of “Buy” and a consensus price target of $126.67.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors acquired a new stake in Curtiss-Wright in the second quarter valued at $42,330,000. Boston Partners lifted its stake in Curtiss-Wright by 44.8% in the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after acquiring an additional 421,332 shares during the last quarter. Voya Investment Management LLC lifted its stake in Curtiss-Wright by 137.8% in the second quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock valued at $53,641,000 after acquiring an additional 338,718 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Curtiss-Wright in the second quarter valued at $27,768,000. Finally, Prudential Financial Inc. lifted its stake in Curtiss-Wright by 251.5% in the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock valued at $30,068,000 after acquiring an additional 234,409 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.
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.
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