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

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $11.83 during midday trading on Wednesday, reaching $721.75. 312,739 shares of the stock traded hands, compared to its average volume of 286,851. The stock’s fifty day moving average is $722.40 and its 200-day moving average is $660.89. Curtiss-Wright Corporation has a 12 month low of $447.11 and a 12 month high of $760.72. The stock has a market cap of $26.66 billion, a P/E ratio of 52.88, a PEG ratio of 3.34 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the company earned $2.82 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.03%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Signature Equity Partners LLC lifted its holdings in shares of Curtiss-Wright by 140.0% in the 1st 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 period. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Curtiss-Wright by 25.9% in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $42,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $746.67.

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.