Curtiss-Wright (NYSE:CW) EVP John Watts Sells 107 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 107 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $578.84, for a total transaction of $61,935.88. Following the completion of the transaction, the executive vice president owned 3,476 shares of the company’s stock, valued at approximately $2,012,047.84. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Stock Up 1.1%

CW traded up $6.33 during trading on Tuesday, hitting $592.82. 210,623 shares of the company’s stock traded hands, compared to its average volume of 196,033. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 2.70 and a beta of 0.95. The company’s 50 day simple moving average is $561.32 and its two-hundred day simple moving average is $524.10. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. During the same period in the prior year, the company posted $2.89 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $29,000. Larson Financial Group LLC grew its position 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 in the last quarter. Finally, First Horizon Corp bought a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $34,000. 82.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Stifel Nicolaus dropped their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Truist Financial upped their price objective on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $585.50.

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.