Insider Selling: Curtiss-Wright (NYSE:CW) EVP Sells $149,184.20 in Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 220 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $678.11, for a total value of $149,184.20. Following the completion of the transaction, the executive vice president directly owned 4,182 shares of the company’s stock, valued at approximately $2,835,856.02. This represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $671.17 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12. The firm’s 50-day moving average is $673.13 and its 200 day moving average is $591.64. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 52.15, a PEG ratio of 3.37 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 quarterly earnings data 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. The business had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. Curtiss-Wright’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $3.27 EPS. Sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given 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 dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on CW. Citigroup upped their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four research 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 presently has an average rating of “Moderate Buy” and an average price target of $663.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CW. Transamerica Financial Advisors LLC grew its stake in shares of Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. IFP Advisors Inc increased its position in shares of Curtiss-Wright by 2.3% during the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares during the last quarter. Summit Financial LLC lifted its stake in shares of Curtiss-Wright by 2.3% in 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 boosted its holdings in shares of Curtiss-Wright by 1.6% in the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares during the last quarter. 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.