Insider Selling: Curtiss-Wright (NYSE:CW) VP Sells $95,005.40 in Stock

Curtiss-Wright Corporation (NYSE:CW) VP Robert Freda sold 140 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.61, for a total value of $95,005.40. Following the sale, the vice president owned 5,343 shares of the company’s stock, valued at $3,625,813.23. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $671.17 on Friday. The company has a market capitalization of $24.75 billion, a P/E ratio of 52.15, a PEG ratio of 3.37 and a beta of 0.91. 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 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 $673.13 and a two-hundred day moving average price of $591.64.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. 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 dividend payout ratio is 7.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CW. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Citigroup lifted their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday, January 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CW. Norges Bank bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $290,633,000. Corient Private Wealth LLC lifted its position in 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 buying an additional 400,047 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Curtiss-Wright by 61.0% during the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after buying an additional 185,887 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock valued at $395,665,000 after buying an additional 174,592 shares in the last quarter. Finally, Munro Partners purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $78,000,000. 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.