Larry Wyche Sells 100 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) Director Larry Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Curtiss-Wright Stock Performance

Shares of CW opened at $576.61 on Wednesday. The firm has a market cap of $21.29 billion, a P/E ratio of 39.68, a PEG ratio of 2.63 and a beta of 0.85. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The firm’s 50 day moving average price is $710.43 and its two-hundred day moving average price is $714.17.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the prior year, the firm earned $3.23 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. California State Teachers Retirement System lifted its position in Curtiss-Wright by 96,633.6% during the 2nd quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock worth $30,950,540,000 after buying an additional 40,802,556 shares in the last quarter. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $3,448,649,000. Norges Bank acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $290,633,000. Primecap Management Co. CA acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $390,106,000. Finally, Corient Private Wealth LLC raised its holdings in Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after acquiring an additional 400,047 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. 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 company has a consensus rating of “Moderate Buy” and an average price target of $782.50.

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.