Curtiss-Wright Corp. (NYSE:CW) Director Bruce D. Hoechner purchased 470 shares of the stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $107.16 per share, with a total value of $50,365.20. Following the acquisition, the director now directly owns 887 shares in the company, valued at $95,050.92. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Curtiss-Wright stock opened at $106.45 on Tuesday. Curtiss-Wright Corp. has a 12-month low of $105.77 and a 12-month high of $143.38. The company has a quick ratio of 1.53, a current ratio of 2.25 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.77 billion, a PE ratio of 21.16, a P/E/G ratio of 1.38 and a beta of 1.40.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.12. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.59%. The business had revenue of $595.40 million during the quarter, compared to analysts’ expectations of $628.27 million. During the same quarter in the prior year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Corp. will post 6.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, November 29th. Curtiss-Wright’s payout ratio is 11.93%.

Several institutional investors have recently modified their holdings of the company. Bank of Nova Scotia purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $2,071,000. Systematic Financial Management LP raised its position in Curtiss-Wright by 26.3% in the 2nd quarter. Systematic Financial Management LP now owns 85,151 shares of the aerospace company’s stock valued at $10,135,000 after purchasing an additional 17,749 shares during the last quarter. Verition Fund Management LLC raised its position in Curtiss-Wright by 167.0% in the 2nd quarter. Verition Fund Management LLC now owns 7,737 shares of the aerospace company’s stock valued at $921,000 after purchasing an additional 4,839 shares during the last quarter. Paloma Partners Management Co raised its position in Curtiss-Wright by 6,300.8% in the 2nd quarter. Paloma Partners Management Co now owns 136,337 shares of the aerospace company’s stock valued at $16,226,000 after purchasing an additional 134,207 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Curtiss-Wright in the 2nd quarter valued at $546,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Several research analysts have commented on the stock. ValuEngine cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Stifel Nicolaus set a $120.00 price target on shares of Curtiss-Wright and gave the stock a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. UBS Group assumed coverage on shares of Curtiss-Wright in a report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 price target for the company. Finally, Bank of America lowered their price target on shares of Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Curtiss-Wright presently has a consensus rating of “Buy” and a consensus target price of $134.78.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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