Curtiss-Wright (NYSE:CW) COO Kevin Rayment Sells 907 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) COO Kevin Rayment sold 907 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kevin Rayment also recently made the following trade(s):

• On Wednesday, February 4th, Kevin Rayment sold 2,634 shares of Curtiss-Wright stock. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $689.34 on Thursday. The stock’s 50 day moving average is $669.63 and its 200 day moving average is $589.58. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12. The firm has a market cap of $25.42 billion, a P/E ratio of 53.56, a P/E/G ratio of 3.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00.

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

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CW. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Citigroup boosted their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Stifel Nicolaus upped their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright News Roundup

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

• Positive Sentiment: Recent fundamentals remain supportive: Curtiss‑Wright beat revenue and EPS in its Feb quarterly report and continues to show double‑digit revenue growth and strong margins, which helps explain buying interest despite other headlines. (Earnings release: Feb 11)
• Neutral Sentiment: Several mid‑level executives reported relatively small share disposals (VPs and an EVP sold between ~140–220 shares each). These appear to be routine diversification/liquidity trades rather than large directional bets. SEC filings: Read More., Read More., Read More., Read More.
• Negative Sentiment: Top executives sold meaningful stakes on Mar 17: CEO Lynn Bamford sold 3,225 shares (~$2.18M), CFO K. Christopher Farkas sold 918 shares (~$622k), and COO Kevin Rayment sold 907 shares (~$614k). Concentrated sales by C‑suite officers can be perceived negatively by the market as signaling reduced insider conviction or portfolio rebalancing; these specific Form 4s are here: Read More., Read More., Read More.
• Negative Sentiment: An analyst piece published Mar 17 expresses a downgrade after the stock’s strong run, raising concerns about valuation and the sustainability of margins — this negative commentary can pressure sentiment and invites closer attention to forward guidance and multiples. Curtiss‑Wright: I’m Downgrading After A Huge Run And Here’s Why

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the period. Invesco Ltd. grew its stake in shares of Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC increased its position in Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after buying an additional 47,287 shares in the last quarter. TD Asset Management Inc raised its stake in Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after buying an additional 2,153 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after buying an additional 39,515 shares during the period. 82.71% of the stock is owned by institutional investors.

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.