Curtiss-Wright (NYSE:CW) EVP John Watts Sells 288 Shares

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 288 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the sale, the executive vice president directly owned 3,188 shares in the company, valued at $1,912,800. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Curtiss-Wright Price Performance

CW stock traded up $23.47 on Friday, reaching $606.08. The company had a trading volume of 196,153 shares, compared to its average volume of 204,075. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The company has a market cap of $22.35 billion, a P/E ratio of 49.40, a PEG ratio of 2.74 and a beta of 0.95. The company’s fifty day moving average is $560.68 and its 200 day moving average is $525.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders 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 yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CW. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth $29,000. Larson Financial Group LLC raised its holdings in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of Curtiss-Wright during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $660.00 target price on shares of Curtiss-Wright in a report on Tuesday, December 16th. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Finally, Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $596.50.

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.