David Charles Adams Sells 25,655 Shares of Curtiss-Wright Corp. (CW) Stock
Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 25,655 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $86.26, for a total transaction of $2,213,000.30. Following the transaction, the chief executive officer now directly owns 113,161 shares in the company, valued at approximately $9,761,267.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Curtiss-Wright Corp. (NYSE:CW) opened at 85.73 on Tuesday. Curtiss-Wright Corp. has a one year low of $62.57 and a one year high of $92.08. The firm has a market cap of $3.81 billion, a P/E ratio of 22.32 and a beta of 1.27. The firm’s 50-day moving average price is $88.71 and its 200 day moving average price is $84.59.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The business earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. During the same period in the previous year, the firm earned $0.83 EPS. Curtiss-Wright Corp.’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Curtiss-Wright Corp. will post $4.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.61%. Curtiss-Wright Corp.’s dividend payout ratio is presently 13.58%.
Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares in the last quarter. Amalgamated Bank raised its position in shares of Curtiss-Wright Corp. by 1.6% in the second quarter. Amalgamated Bank now owns 5,391 shares of the company’s stock valued at $483,000 after buying an additional 87 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of Curtiss-Wright Corp. by 2.9% in the second quarter. Oakbrook Investments LLC now owns 3,600 shares of the company’s stock valued at $303,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Curtiss-Wright Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock valued at $1,508,000 after buying an additional 100 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Curtiss-Wright Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 14,561 shares of the company’s stock valued at $1,227,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.
Several equities analysts recently weighed in on CW shares. Zacks Investment Research lowered shares of Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. William Blair began coverage on Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price target on the stock.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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