Curtiss-Wright (NYSE:CW) VP John Watts Sells 118 Shares

Curtiss-Wright Corporation (NYSE:CW) VP John Watts sold 118 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $575.00, for a total value of $67,850.00. Following the transaction, the vice president owned 3,570 shares in the company, valued at $2,052,750. This trade represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Curtiss-Wright Stock Down 0.7%

Shares of CW opened at $562.14 on Tuesday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $560.82 and a two-hundred day simple moving average of $520.73. The firm has a market cap of $20.73 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.98 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. During the same period in the previous year, the business posted $2.89 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CW. Atlantic Union Bankshares Corp purchased a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Curtiss-Wright in the second quarter worth about $27,000. Penserra Capital Management LLC purchased a new stake in Curtiss-Wright in the second quarter worth about $29,000. Larson Financial Group LLC lifted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares during the period. Finally, First Horizon Corp bought a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $34,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Morgan Stanley reissued an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Finally, Truist Financial boosted their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $585.50.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.