Glenn E. Tynan Sells 2,082 Shares of Curtiss-Wright Corporation (CW) Stock
Curtiss-Wright Corporation (NYSE:CW) VP Glenn E. Tynan sold 2,082 shares of Curtiss-Wright Corporation stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $120.00, for a total value of $249,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Curtiss-Wright Corporation (CW) traded down $0.97 during midday trading on Friday, reaching $118.29. The company’s stock had a trading volume of 349,838 shares, compared to its average volume of 247,343. The stock has a market cap of $5,260.00, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $120.54.
Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. Curtiss-Wright Corporation’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. equities analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 12.35%.
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Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Curtiss-Wright Corporation by 0.6% in the 2nd quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after purchasing an additional 30,422 shares during the last quarter. State Street Corp lifted its holdings in shares of Curtiss-Wright Corporation by 5.8% in the 2nd quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after purchasing an additional 97,137 shares during the last quarter. Boston Partners lifted its holdings in shares of Curtiss-Wright Corporation by 44.8% in the 3rd quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after purchasing an additional 421,332 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Curtiss-Wright Corporation by 1.5% in the 2nd quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after purchasing an additional 17,769 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Curtiss-Wright Corporation by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock valued at $98,612,000 after purchasing an additional 4,064 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on CW. Zacks Investment Research cut Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reissued a “hold” rating and set a $117.00 target price on shares of Curtiss-Wright Corporation in a research note on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright Corporation in a research note on Friday, October 20th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $126.67.
Curtiss-Wright Corporation Company Profile
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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