Curtiss-Wright (NYSE:CW) VP Robert Freda Sells 140 Shares

Curtiss-Wright Corporation (NYSE:CWGet Free Report) VP Robert Freda sold 140 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.61, for a total transaction of $95,005.40. Following the sale, the vice president directly owned 5,343 shares of the company’s stock, valued at $3,625,813.23. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Curtiss-Wright Stock Up 1.4%

Shares of NYSE CW traded up $9.76 during mid-day trading on Wednesday, reaching $689.34. 267,829 shares of the company were exchanged, compared to its average volume of 301,106. The firm has a 50-day moving average of $667.50 and a 200 day moving average of $588.88. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 53.56, a P/E/G ratio of 3.33 and a beta of 0.91.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.Curtiss-Wright’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.27 earnings per share. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CW. BI Asset Management Fondsmaeglerselskab A S bought a new position in Curtiss-Wright during the third quarter valued at approximately $2,781,000. CIBC Bancorp USA Inc. purchased a new position in Curtiss-Wright in the third quarter worth $37,812,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Curtiss-Wright by 108.0% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after acquiring an additional 1,213 shares during the period. Inscription Capital LLC lifted its position in Curtiss-Wright by 248.3% during the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock valued at $1,386,000 after purchasing an additional 1,820 shares during the period. Finally, Creative Planning boosted its stake in shares of Curtiss-Wright by 30.4% during the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CW. Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $663.17.

Read Our Latest Research Report on CW

Curtiss-Wright News Summary

Here are the key news stories impacting Curtiss-Wright this week:

  • Positive Sentiment: Recent underlying business strength — Curtiss‑Wright reported a fiscal quarter with $3.79 EPS (vs. $3.66 est.) and roughly $947M revenue, +14.9% year‑over‑year, with healthy margins and ROE. Those fundamentals support the stock’s premium valuation and help explain buying interest today.
  • Neutral Sentiment: Research/coverage updates — Barron’s has a research/ratings page on CW that may influence investors as analysts refresh models and price targets. Curtiss‑Wright Corp. research
  • Neutral Sentiment: Technical/valuation backdrop — the stock is trading well above its 200‑day average and near its 1‑year highs; P/E is elevated (~53.6), which makes the shares sensitive to guidance, analyst revisions and insider activity.
  • Negative Sentiment: Clustered insider selling — multiple senior executives sold shares on March 17 (CEO Lynn Bamford, CFO K. Christopher Farkas, COO Kevin Rayment and several VPs/EVP). Combined disclosed proceeds total roughly $3.9M (individual SEC Form 4s filed). This coordinated selling can raise short‑term concern among investors about insider sentiment. See CEO filing for details: CEO Form 4
  • Negative Sentiment: Analyst downgrade note — a recent Seeking Alpha piece advocated a downgrade after the stock’s run, arguing valuation and upside are more limited now; that commentary can pressure sentiment and prompt re‑rating risk. Curtiss‑Wright: I’m Downgrading After A Huge Run

Curtiss-Wright Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.