John Watts Sells 107 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 107 shares of Curtiss-Wright stock in a transaction on Monday, January 5th. The shares were sold at an average price of $578.84, for a total value of $61,935.88. Following the completion of the sale, the executive vice president owned 3,476 shares in the company, valued at $2,012,047.84. This represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Curtiss-Wright Stock Down 1.7%

Shares of NYSE:CW opened at $583.31 on Thursday. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.79 and a beta of 0.95. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The business has a 50-day moving average price of $561.00 and a 200 day moving average price of $525.41. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating 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 company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter in the prior year, the company posted $2.89 earnings per share. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on CW shares. Truist Financial upped their price target on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Morgan Stanley reissued an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus cut their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They set a “neutral” rating and a $607.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $585.50.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Curtiss-Wright by 108.0% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after acquiring an additional 1,213 shares in the last quarter. Creative Planning raised its holdings in Curtiss-Wright by 30.4% during the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after purchasing an additional 1,300 shares in the last quarter. Baird Financial Group Inc. lifted its position in Curtiss-Wright by 914.7% in the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after purchasing an additional 18,641 shares during the period. Spire Wealth Management boosted its holdings in Curtiss-Wright by 21.5% in the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after purchasing an additional 97 shares in the last quarter. Finally, Massachusetts Wealth Management acquired a new position in Curtiss-Wright during the 2nd quarter worth approximately $266,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

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.