Insider Selling: Curtiss-Wright (NYSE:CW) Director Sells $59,674.00 in Stock

Curtiss-Wright Corporation (NYSE:CW) Director Larry Wyche sold 100 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Curtiss-Wright Trading Down 2.8%

NYSE:CW opened at $561.93 on Thursday. 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 has a market capitalization of $20.75 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.84. The firm’s 50 day moving average is $706.43 and its 200 day moving average is $713.38. Curtiss-Wright Corporation has a 12 month low of $465.51 and a 12 month high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating 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 business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same period in the prior year, the company earned $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Piper Sandler began coverage on shares of Curtiss-Wright in a research report on Wednesday. They set a “neutral” rating and a $665.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Hold” and an average price target of $765.71.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently made changes to their positions in CW. Quantbot Technologies LP purchased a new stake in Curtiss-Wright in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $30,000. Fiduciary Financial Advisors purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC lifted its position in Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after buying an additional 38 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $31,000. Hedge funds and other 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.