Curtiss-Wright (NYSE:CW) VP Gary Ogilby Sells 252 Shares

Curtiss-Wright Corporation (NYSE:CW) VP Gary Ogilby sold 252 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Curtiss-Wright Price Performance

NYSE CW opened at $682.34 on Friday. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12. The firm’s 50 day moving average price is $671.83 and its 200-day moving average price is $590.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a market cap of $25.16 billion, a PE ratio of 53.02, a P/E/G ratio of 3.37 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last announced 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. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the previous year, the business posted $3.27 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

CW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. 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. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Citigroup raised their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CW. Atlantic Union Bankshares Corp bought a new stake in shares of Curtiss-Wright during the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth $31,000. Larson Financial Group LLC boosted its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Finally, First Horizon Corp purchased a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.