John Watts Sells 220 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 220 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Trading Up 0.8%

Curtiss-Wright stock opened at $748.52 on Friday. The business has a 50 day moving average price of $714.82 and a two-hundred day moving average price of $651.14. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 54.84, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86. Curtiss-Wright Corporation has a 12 month low of $435.35 and a 12 month high of $760.72.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.03%.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 15 shares during the period. IFP Advisors Inc raised its stake in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after buying an additional 16 shares during the last quarter. Summit Financial LLC raised its stake in Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after buying an additional 16 shares during the last quarter. Clearstead Advisors LLC raised its stake in Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in 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 buying an additional 17 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Citigroup lifted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $746.67.

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.