Curtiss-Wright Co. (NYSE:CW) VP Sells $625,000.00 in Stock

Curtiss-Wright Co. (NYSE:CW) VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Curtiss-Wright Stock Performance

NYSE:CW opened at $255.94 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm has a 50-day moving average of $235.71 and a two-hundred day moving average of $218.62. The stock has a market cap of $9.80 billion, a P/E ratio of 27.82 and a beta of 1.17. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $257.37.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. During the same quarter last year, the company posted $2.92 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio is currently 8.70%.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of CW. Moneta Group Investment Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $212,009,000. BlackRock Inc. increased its stake in shares of Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after purchasing an additional 680,850 shares during the period. Norges Bank acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $113,885,000. Select Equity Group L.P. acquired a new stake in shares of Curtiss-Wright in the first quarter valued at approximately $33,468,000. Finally, Wellington Management Group LLP increased its stake in shares of Curtiss-Wright by 31.7% in the first quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company’s stock valued at $113,655,000 after purchasing an additional 182,125 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 16th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Truist Financial reiterated a “hold” rating and issued a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.00.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.