Curtiss-Wright Corp. (CW) VP Glenn E. Tynan Sells 5,732 Shares of Stock
Curtiss-Wright Corp. (NYSE:CW) VP Glenn E. Tynan sold 5,732 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $97.12, for a total value of $556,691.84. Following the sale, the vice president now owns 73,657 shares in the company, valued at $7,153,567.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 1.09% during midday trading on Thursday, hitting $99.48. The stock had a trading volume of 58,643 shares. Curtiss-Wright Corp. has a 52-week low of $62.57 and a 52-week high of $99.55. The firm’s 50 day moving average price is $89.02 and its 200 day moving average price is $86.52. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 23.96 and a beta of 1.27.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Curtiss-Wright Corp. had a return on equity of 14.85% and a net margin of 8.84%. The company earned $507.09 million during the quarter, compared to analyst estimates of $518.66 million. During the same period in the previous year, the business earned $0.80 EPS. Curtiss-Wright Corp.’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts expect that Curtiss-Wright Corp. will post $4.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 0.53%. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is currently 12.56%.
Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in Curtiss-Wright Corp. during the second quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Curtiss-Wright Corp. by 11.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,513 shares of the company’s stock valued at $138,000 after buying an additional 156 shares during the period. Advisor Group Inc. raised its stake in Curtiss-Wright Corp. by 91.1% in the third quarter. Advisor Group Inc. now owns 1,836 shares of the company’s stock valued at $168,000 after buying an additional 875 shares during the period. Bank of Montreal Can purchased a new stake in Curtiss-Wright Corp. during the second quarter valued at approximately $169,000. Finally, KCG Holdings Inc. purchased a new stake in Curtiss-Wright Corp. during the third quarter valued at approximately $204,000. Institutional investors own 78.09% of the company’s stock.
A number of equities research analysts have issued reports on CW shares. Zacks Investment Research downgraded Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. William Blair started coverage on Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price objective on the stock. CL King downgraded Curtiss-Wright Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, November 11th. Finally, Bank of America Corp. downgraded Curtiss-Wright Corp. from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Friday, November 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Curtiss-Wright Corp. currently has an average rating of “Hold” and a consensus price target of $95.00.
About Curtiss-Wright Corp.
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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