Insider Selling: Curtiss-Wright (NYSE:CW) VP Sells 148 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) VP Gary Ogilby sold 148 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.30, for a total transaction of $100,388.40. Following the transaction, the vice president directly owned 2,823 shares in the company, valued at $1,914,840.90. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Curtiss-Wright Stock Up 1.4%

Shares of NYSE:CW traded up $9.76 on Wednesday, reaching $689.34. The company had a trading volume of 267,829 shares, compared to its average volume of 301,106. The stock has a market capitalization of $25.42 billion, a P/E ratio of 53.56, a P/E/G ratio of 3.33 and a beta of 0.91. The stock has a 50-day moving average price of $667.50 and a 200 day moving average price of $588.88. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the prior year, the firm posted $3.27 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC boosted its stake in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Curtiss-Wright by 2.3% during the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 16 shares during the period. Summit Financial LLC lifted its holdings in shares of Curtiss-Wright by 2.3% during the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after acquiring an additional 16 shares during the period. Clearstead Advisors LLC boosted its position in shares of Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CW shares. Citigroup raised their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Stifel Nicolaus raised their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $663.17.

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.