Curtiss-Wright (NYSE:CW) VP George Mcdonald Sells 151 Shares

Curtiss-Wright Corporation (NYSE:CW) VP George Mcdonald sold 151 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the sale, the vice president directly owned 4,210 shares in the company, valued at $2,854,674.70. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Curtiss-Wright Stock Up 1.4%

Shares of CW stock traded up $9.76 during trading on Wednesday, reaching $689.34. The company’s stock had a trading volume of 267,829 shares, compared to its average volume of 301,106. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 53.56, a P/E/G ratio of 3.33 and a beta of 0.91. The stock’s 50-day moving average price is $667.50 and its 200 day moving average price is $588.88. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $730.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same period in the prior year, the business earned $3.27 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate 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 will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. 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 currently 7.46%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Curtiss-Wright in the second quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at $31,000. Larson Financial Group LLC grew its holdings in shares of Curtiss-Wright by 53.8% during the third 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 purchased a new position in shares of Curtiss-Wright during the third quarter worth about $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CW. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research note on Friday, January 9th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, Citigroup raised their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a 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 company’s stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus 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.