John Watts Sells 1,035 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Curtiss-Wright Stock Down 1.4%

CW stock opened at $597.28 on Friday. The company’s 50 day moving average is $718.27 and its 200 day moving average is $714.61. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same period in the previous year, the business posted $3.23 earnings per share. Curtiss-Wright’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in Curtiss-Wright by 96,633.6% in the second quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock worth $30,950,540,000 after purchasing an additional 40,802,556 shares during the last quarter. BlackRock Inc. bought a new position in shares of Curtiss-Wright during the second quarter valued at about $3,448,649,000. Norges Bank bought a new position in shares of Curtiss-Wright during the fourth quarter valued at about $290,633,000. Primecap Management Co. CA purchased a new position in shares of Curtiss-Wright in the second quarter worth about $390,106,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after buying an additional 400,047 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Citigroup increased their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $782.50.

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.