Curtiss-Wright Corporation (CW) VP Sells $249,840.00 in Stock
Curtiss-Wright Corporation (NYSE:CW) VP Glenn E. Tynan sold 2,082 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $120.00, for a total value of $249,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Curtiss-Wright Corporation (CW) opened at $118.29 on Monday. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $120.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. The company has a market capitalization of $5,220.06, a PE ratio of 24.75, a P/E/G ratio of 2.02 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. During the same period in the prior year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts forecast that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 12.45%.
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Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Curtiss-Wright Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after buying an additional 143 shares during the period. Magnetar Financial LLC acquired a new position in Curtiss-Wright Corporation during the 3rd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC acquired a new position in Curtiss-Wright Corporation during the 3rd quarter worth approximately $212,000. Linscomb & Williams Inc. acquired a new position in Curtiss-Wright Corporation during the 3rd quarter worth approximately $212,000. Finally, WASHINGTON TRUST Co acquired a new position in Curtiss-Wright Corporation during the 3rd quarter worth approximately $217,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.
CW has been the topic of several research analyst reports. Zacks Investment Research lowered Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Bank of America Corporation upgraded Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Monday, October 30th. Wells Fargo & Company upped their target price on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and set a $117.00 target price on shares of Curtiss-Wright Corporation in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $126.67.
Curtiss-Wright Corporation Company Profile
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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