Curtiss-Wright (NYSE:CW) VP John Watts Sells 118 Shares

Curtiss-Wright Corporation (NYSE:CW) VP John Watts sold 118 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $575.00, for a total value of $67,850.00. Following the completion of the sale, the vice president owned 3,570 shares in the company, valued at $2,052,750. This represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curtiss-Wright Trading Down 0.3%

Shares of CW stock opened at $566.09 on Monday. The firm has a 50-day moving average price of $560.81 and a 200 day moving average price of $520.11. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 2.98 and a beta of 0.93. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s payout ratio is 7.82%.

Institutional Trading of Curtiss-Wright

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Curtiss-Wright by 0.3% in the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after acquiring an additional 2,153 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after purchasing an additional 174,592 shares during the period. Finally, Norges Bank acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $241,537,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of recent analyst reports. Citigroup began coverage on Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial increased their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Morgan Stanley reissued an “overweight” rating and issued a $660.00 target price on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus dropped their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $585.50.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.