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 stock in a transaction dated Tuesday, March 17th. The shares were 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 owned 31,493 shares of the company’s stock, valued at $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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

Curtiss-Wright Trading Up 1.4%

NYSE CW traded up $9.76 on Wednesday, reaching $689.34. 267,829 shares of the company were exchanged, compared to its average volume of 301,106. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $667.50 and its 200 day moving average price is $588.88. The stock has a market capitalization of $25.42 billion, a P/E ratio of 53.56, a price-to-earnings-growth ratio of 3.33 and a beta of 0.91. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12.

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

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Stifel Nicolaus upped their price target on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $663.17.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC increased its position 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 worth $40,000 after acquiring an additional 15 shares during the period. IFP Advisors Inc grew its stake in Curtiss-Wright by 2.3% during the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 16 shares in the last quarter. Summit Financial LLC increased its holdings in Curtiss-Wright by 2.3% during the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares during the period. Clearstead Advisors LLC increased its holdings in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares during the period. Finally, Mayflower Financial Advisors LLC raised its position in Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.