Curtiss-Wright (NYSE:CW) COO Kevin Rayment Sells 2,634 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) COO Kevin Rayment sold 2,634 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at $18,724,761.68. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Trading Down 0.8%

Shares of CW opened at $620.08 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $683.09. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $594.52 and its 200-day simple moving average is $548.80. The company has a market cap of $22.87 billion, a P/E ratio of 50.54, a P/E/G ratio of 2.85 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to the consensus estimate 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 was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.89 EPS. As a group, analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Curtiss-Wright News Summary

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Zacks notes Wall Street expects earnings growth for Curtiss‑Wright ahead of its next report — that raises the chance of an earnings beat and gives fundamental support to the stock. Zacks Preview
• Neutral Sentiment: Curtiss‑Wright declared a $0.24 quarterly dividend (payable April 13, record March 26) — a routine cash return but small (≈0.2% yield) so unlikely to materially move the stock by itself. BusinessWire Dividend Release
• Negative Sentiment: Major insider selling by top executives is the clearest negative catalyst — CEO Lynn Bamford sold 9,327 shares (~$5.84M), CFO K. Christopher Farkas sold 2,665 shares (~$1.67M), COO Kevin Rayment sold 2,634 shares (~$1.65M), multiple VPs/EVPs also sold smaller lots; several sales were disclosed Feb. 4–5 and trimmed senior ownership by double-digit percentages in some cases. That concentrated, high-dollar selling is likely pressuring sentiment and the stock today. TipRanks Insider Report

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in CW. Massachusetts Financial Services Co. MA bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $270,731,000. Norges Bank bought a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $241,537,000. Munro Partners purchased a new stake in Curtiss-Wright during the second quarter valued at approximately $78,000,000. AQR Capital Management LLC boosted its stake in Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after acquiring an additional 122,048 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Curtiss-Wright in the third quarter valued at approximately $62,320,000. 82.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CW has been the subject of a number of research analyst reports. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Citigroup lifted their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a report on Friday, January 23rd. Finally, Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $612.33.

Curtiss-Wright Company Profile

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.