Curtiss-Wright (NYSE:CW) EVP Sells $149,184.20 in Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 220 shares of Curtiss-Wright stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total value of $149,184.20. Following the sale, the executive vice president directly owned 4,182 shares of the company’s stock, valued at $2,835,856.02. This represents a 5.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded up $9.76 during midday trading on Wednesday, hitting $689.34. 267,829 shares of the company’s stock were exchanged, compared to its average volume of 301,106. The company has a market cap of $25.42 billion, a P/E ratio of 53.56, a PEG ratio of 3.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a 50-day moving average price of $667.50 and a two-hundred day moving average price of $588.88. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 EPS. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.46%.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Curtiss-Wright during the 4th quarter worth approximately $290,633,000. Corient Private Wealth LLC boosted its stake in shares of Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after purchasing an additional 400,047 shares during the period. Franklin Resources Inc. grew its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after purchasing an additional 185,887 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Curtiss-Wright by 31.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after purchasing an additional 174,592 shares during the last quarter. Finally, Munro Partners purchased a new position in shares of Curtiss-Wright in the second quarter worth $78,000,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research analyst reports. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a report on Friday, January 9th. Stifel Nicolaus raised their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Citigroup increased their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $663.17.

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.