Insider Selling: Curtiss-Wright Corporation (CW) VP Sells $294,261.00 in Stock
Curtiss-Wright Corporation (NYSE:CW) VP Paul J. Ferdenzi sold 2,651 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $111.00, for a total transaction of $294,261.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Curtiss-Wright Corporation (NYSE CW) opened at 113.21 on Monday. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $113.30. The company has a 50 day moving average of $102.74 and a 200 day moving average of $94.68. The firm has a market capitalization of $5.00 billion, a PE ratio of 25.68 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last released its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. During the same quarter in the previous year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Corporation will post $4.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s payout ratio is 13.61%.
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Several research firms have issued reports on CW. Zacks Investment Research cut shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Stifel Nicolaus began coverage on shares of Curtiss-Wright Corporation in a research note on Monday, September 18th. They set a “hold” rating and a $100.00 price target on the stock. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $111.60.
Large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. grew its stake in Curtiss-Wright Corporation by 251.5% during the 2nd quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock valued at $30,068,000 after acquiring an additional 234,409 shares in the last quarter. Paloma Partners Management Co grew its stake in shares of Curtiss-Wright Corporation by 12.8% in the 1st quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock valued at $3,327,000 after buying an additional 4,123 shares in the last quarter. Royce & Associates LP grew its stake in shares of Curtiss-Wright Corporation by 14.9% in the 2nd quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock valued at $3,543,000 after buying an additional 5,000 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Curtiss-Wright Corporation in the 2nd quarter valued at approximately $13,442,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Curtiss-Wright Corporation in the 1st quarter valued at approximately $233,000. 76.18% of the stock is currently owned by institutional investors.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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