David Charles Adams Sells 5,270 Shares of Curtiss-Wright Co. (CW) Stock
Curtiss-Wright Co. (NYSE:CW) CEO David Charles Adams sold 5,270 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $620,489.80. Following the completion of the sale, the chief executive officer now owns 64,623 shares in the company, valued at approximately $7,608,712.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
David Charles Adams also recently made the following trade(s):
- On Thursday, November 2nd, David Charles Adams sold 17,000 shares of Curtiss-Wright stock. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00.
Curtiss-Wright Co. (CW) opened at $118.29 on Friday. The firm has a market cap of $5,260.00, a PE ratio of 24.78, a P/E/G ratio of 2.02 and a beta of 1.25. Curtiss-Wright Co. has a 52-week low of $82.77 and a 52-week high of $120.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright had a net margin of 11.26% and a return on equity of 17.89%. Curtiss-Wright’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. analysts anticipate that Curtiss-Wright Co. will post 4.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. Curtiss-Wright’s payout ratio is presently 12.35%.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its position in Curtiss-Wright by 251.5% during the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after acquiring an additional 234,409 shares during the last quarter. Royce & Associates LP boosted its position in Curtiss-Wright by 14.9% during the second quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock worth $3,543,000 after acquiring an additional 5,000 shares during the last quarter. Schroder Investment Management Group acquired a new position in Curtiss-Wright during the second quarter worth about $13,442,000. Schwab Charles Investment Management Inc. boosted its position in Curtiss-Wright by 15.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 522,366 shares of the aerospace company’s stock worth $47,943,000 after acquiring an additional 68,431 shares during the last quarter. Finally, Swiss National Bank raised its stake in Curtiss-Wright by 1.6% during the second quarter. Swiss National Bank now owns 70,400 shares of the aerospace company’s stock worth $6,461,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 78.06% of the company’s stock.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Stifel Nicolaus assumed coverage on shares of Curtiss-Wright in a research report on Monday, September 18th. They issued a “hold” rating and a $100.00 target price on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright in a research report on Friday, October 6th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Curtiss-Wright presently has an average rating of “Buy” and an average target price of $126.67.
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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