Curtiss-Wright (NYSE:CW) EVP John Watts Sells 1,035 Shares

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 1,035 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $605.70 on Friday. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 2.79 and a beta of 0.87. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $721.95 and its 200-day simple moving average is $715.43.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same period in the prior year, the business earned $3.23 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CW shares. Morgan Stanley reissued an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus raised their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup increased their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $782.50.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in CW. BlackRock Inc. acquired a new position in Curtiss-Wright during the 2nd quarter worth $3,448,649,000. Pacer Advisors Inc. boosted its holdings in Curtiss-Wright by 114.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $1,104,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Curtiss-Wright by 39,282.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after purchasing an additional 64,423 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd increased its stake in shares of Curtiss-Wright by 72.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock worth $4,097,000 after purchasing an additional 3,132 shares during the period. Institutional investors own 82.71% of the company’s stock.

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.