Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 9,944 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $115.01, for a total transaction of $1,143,659.44. Following the sale, the chief executive officer now owns 97,093 shares in the company, valued at approximately $11,166,665.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

David Charles Adams also recently made the following trade(s):

  • On Friday, January 18th, David Charles Adams sold 7,000 shares of Curtiss-Wright stock. The shares were sold at an average price of $111.00, for a total transaction of $777,000.00.
  • On Monday, November 26th, David Charles Adams sold 5,620 shares of Curtiss-Wright stock. The shares were sold at an average price of $108.70, for a total transaction of $610,894.00.

Shares of CW opened at $116.41 on Friday. Curtiss-Wright Corp. has a fifty-two week low of $95.23 and a fifty-two week high of $143.38. The firm has a market capitalization of $5.10 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. The company has a current ratio of 2.25, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50.

Curtiss-Wright announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 11.93%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Stifel Nicolaus upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $122.00 in a research report on Wednesday, December 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Curtiss-Wright has an average rating of “Buy” and an average target price of $133.57.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc increased its position in Curtiss-Wright by 0.7% in the third quarter. Vanguard Group Inc now owns 3,546,418 shares of the aerospace company’s stock worth $487,349,000 after purchasing an additional 23,821 shares during the last quarter. Sageworth Trust Co boosted its stake in Curtiss-Wright by 1,075.0% during the third quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock worth $161,000 after buying an additional 1,075 shares during the period. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,546,418 shares of the aerospace company’s stock worth $487,349,000 after buying an additional 23,821 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Curtiss-Wright by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 72,864 shares of the aerospace company’s stock worth $10,013,000 after buying an additional 2,478 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Curtiss-Wright by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 361,433 shares of the aerospace company’s stock worth $49,668,000 after buying an additional 19,457 shares during the period. Institutional investors own 75.45% of the company’s stock.

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About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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