Curtiss-Wright (NYSE:CW) VP Robert Freda Sells 418 Shares

Curtiss-Wright Corporation (NYSE:CW) VP Robert Freda sold 418 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total value of $262,065.10. Following the completion of the sale, the vice president owned 5,187 shares of the company’s stock, valued at $3,251,989.65. The trade was a 7.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Curtiss-Wright Stock Up 2.8%

NYSE:CW opened at $642.14 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $683.09. The company has a 50-day moving average of $594.52 and a 200 day moving average of $548.80. The firm has a market cap of $23.68 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (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 analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. Curtiss-Wright’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $2.89 earnings per share. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Institutional Trading of Curtiss-Wright

Several institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new position in Curtiss-Wright during the second quarter worth $270,731,000. Norges Bank purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $241,537,000. Munro Partners acquired a new position in Curtiss-Wright in the 2nd quarter valued at about $78,000,000. AQR Capital Management LLC increased its stake in Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after buying an additional 122,048 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in Curtiss-Wright in the 3rd quarter valued at approximately $62,320,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

More Curtiss-Wright News

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

• Positive Sentiment: Zacks and Street estimates point to expected earnings growth ahead of Curtiss‑Wright’s next report, which raises the odds of an earnings beat and provides a constructive fundamental backdrop. Read More.
• Neutral Sentiment: The Board declared a $0.24 quarterly dividend (payable Apr 13; record Mar 26), an annualized $0.96 (~0.2% yield). This is routine income but too small by itself to drive major share moves. Read More.
• Negative Sentiment: Concentrated insider selling is the dominant 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) and several VPs/EVPs trimmed positions (disclosed Feb 4–5). The size and coordination of these sales is pressuring sentiment and likely the main reason for intraday weakness. Read More.

Analyst Ratings Changes

CW has been the topic of a number of research analyst reports. Citigroup boosted their price target on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley reiterated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $625.00 price target on Curtiss-Wright in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average 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.