Curtiss-Wright (NYSE:CW) CEO Lynn Bamford Sells 2,500 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $721.75 on Thursday. The company has a 50 day moving average price of $724.20 and a 200-day moving average price of $662.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a fifty-two week low of $447.11 and a fifty-two week high of $760.72. The company has a market capitalization of $26.66 billion, a PE ratio of 52.88, a P/E/G ratio of 3.40 and a beta of 0.85.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.62%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CW shares. Citigroup boosted their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $746.67.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently made changes to their positions in CW. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter valued at $31,000. Larson Financial Group LLC grew its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC grew 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 valued at $40,000 after buying an additional 15 shares during the last quarter. Signature Equity Partners LLC grew its holdings in shares of Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Curtiss-Wright during the fourth quarter valued at $42,000. 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.