Curtiss-Wright (NYSE:CW) VP Gary Ogilby Sells 148 Shares

Curtiss-Wright Corporation (NYSE:CW) VP Gary Ogilby sold 148 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.30, for a total transaction of $100,388.40. Following the completion of the sale, the vice president owned 2,823 shares in the company, valued at $1,914,840.90. This represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded down $14.95 during mid-day trading on Thursday, reaching $675.99. 11,273 shares of the stock were exchanged, compared to its average volume of 295,563. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 3.31 and a beta of 0.91. The firm has a 50-day simple moving average of $669.63 and a 200 day simple moving average of $589.58. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

Curtiss-Wright News Roundup

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Solid fundamentals: Curtiss‑Wright reported strong Feb quarter results (beat revenue and EPS, double‑digit revenue growth and healthy margins), which supports valuation and investor confidence. MarketBeat CW page
• Positive Sentiment: Shareholder return: Company declared a quarterly dividend (record Mar 26, payable Apr 13) — a modest yield but a cash return that can steady sentiment. Dividend notice
• Neutral Sentiment: Routine small insider sales: Several VPs and an EVP sold relatively small lots (140–220 shares each). These look like routine liquidity moves rather than conviction changes. (See SEC filings.) VP Mcdonald Form 4
• Negative Sentiment: Large C‑suite selling on Mar 17: CEO Lynn Bamford sold 3,225 shares (~$2.18M), CFO K. Christopher Farkas sold 918 shares (~$622k), and COO Kevin Rayment sold 907 shares (~$614k). Concentrated sales by top executives often prompt investor concern about insider conviction or signal portfolio rebalancing; these Form 4s are available from the SEC. CEO Form 4 CFO Form 4 COO Form 4
• Negative Sentiment: Analyst downgrade/view: A Seeking Alpha piece published Mar 17 flagged valuation and margin sustainability concerns and recommended downgrading after a strong run; such commentary can amplify selling pressure from investors worried about rich multiples. Seeking Alpha downgrade

Analyst Ratings Changes

Several brokerages have issued reports on CW. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus raised their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $663.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Invesco Ltd. boosted its holdings in Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after buying an additional 88,688 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares during the period. TD Asset Management Inc grew its position in shares of Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after buying an additional 2,153 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after acquiring an additional 39,515 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

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.