Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams Sells 4,185 Shares of Stock

Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 4,185 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $140.29, for a total transaction of $587,113.65. Following the completion of the sale, the chief executive officer now owns 59,722 shares of the company’s stock, valued at $8,378,399.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

David Charles Adams also recently made the following trade(s):

  • On Thursday, November 14th, David Charles Adams sold 886 shares of Curtiss-Wright stock. The shares were sold at an average price of $141.00, for a total transaction of $124,926.00.
  • On Thursday, November 7th, David Charles Adams sold 4,319 shares of Curtiss-Wright stock. The shares were sold at an average price of $139.95, for a total transaction of $604,444.05.
  • On Thursday, September 5th, David Charles Adams sold 6,439 shares of Curtiss-Wright stock. The shares were sold at an average price of $125.00, for a total transaction of $804,875.00.

CW traded down $1.16 during trading on Friday, hitting $137.05. The stock had a trading volume of 3,534 shares, compared to its average volume of 188,969. The company has a market capitalization of $5.97 billion, a PE ratio of 21.51, a PEG ratio of 2.35 and a beta of 1.18. Curtiss-Wright Corp. has a twelve month low of $95.23 and a twelve month high of $142.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.19. The stock has a 50 day simple moving average of $132.18 and a two-hundred day simple moving average of $124.73.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.12. The company had revenue of $614.88 million during the quarter, compared to the consensus estimate of $624.15 million. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. Curtiss-Wright’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.70 earnings per share. On average, equities research analysts anticipate that Curtiss-Wright Corp. will post 7.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. Curtiss-Wright’s payout ratio is currently 10.68%.

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Curtiss-Wright by 85.4% during the third quarter. SG Americas Securities LLC now owns 6,356 shares of the aerospace company’s stock worth $822,000 after buying an additional 2,928 shares during the period. Mackay Shields LLC lifted its stake in shares of Curtiss-Wright by 1,144.8% during the third quarter. Mackay Shields LLC now owns 87,321 shares of the aerospace company’s stock worth $11,297,000 after buying an additional 80,306 shares during the period. California Public Employees Retirement System lifted its stake in shares of Curtiss-Wright by 32.3% during the third quarter. California Public Employees Retirement System now owns 118,371 shares of the aerospace company’s stock worth $15,314,000 after buying an additional 28,872 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Curtiss-Wright during the third quarter worth $2,367,000. Finally, Usca Ria LLC acquired a new stake in shares of Curtiss-Wright during the third quarter worth $310,000. Institutional investors and hedge funds own 76.20% of the company’s stock.

Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. UBS Group raised their target price on shares of Curtiss-Wright from $134.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus set a $150.00 target price on shares of Curtiss-Wright and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $141.80.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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