Curtiss-Wright (NYSE:CW) EVP John Watts Sells 107 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 107 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $578.84, for a total value of $61,935.88. Following the completion of the transaction, the executive vice president directly owned 3,476 shares in the company, valued at approximately $2,012,047.84. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Curtiss-Wright Price Performance

CW opened at $592.82 on Wednesday. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 2.76 and a beta of 0.95. 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 Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The business’s fifty day simple moving average is $561.38 and its 200-day simple moving average is $525.00.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently bought and sold shares of CW. Edmond DE Rothschild Holding S.A. boosted its position in Curtiss-Wright by 108.0% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after purchasing an additional 1,213 shares in the last quarter. Creative Planning boosted its holdings in Curtiss-Wright by 30.4% during the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after buying an additional 1,300 shares in the last quarter. Baird Financial Group Inc. grew its position in Curtiss-Wright by 914.7% during the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after buying an additional 18,641 shares during the period. Spire Wealth Management increased its holdings in Curtiss-Wright by 21.5% in the second quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after buying an additional 97 shares in the last quarter. Finally, Massachusetts Wealth Management purchased a new position in Curtiss-Wright in the second quarter valued at $266,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.