Curtiss-Wright (NYSE:CW) CFO Sells $621,908.28 in Stock

Curtiss-Wright Corporation (NYSE:CW) CFO K Christopher Farkas sold 918 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This represents a 14.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

K Christopher Farkas also recently made the following trade(s):

• On Wednesday, February 4th, K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock. The stock was sold at an average price of $626.33, for a total value of $1,669,169.45.

Curtiss-Wright Stock Performance

Shares of CW opened at $671.17 on Friday. The firm 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 quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $673.13 and its two-hundred day moving average is $591.64. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12.

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

Curtiss-Wright Dividend Announcement

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 paid a $0.24 dividend. 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 (DPR) is 7.46%.

Hedge Funds Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. State Street Corp lifted its stake in shares of Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after acquiring an additional 16,962 shares during the period. Invesco Ltd. increased its stake in shares of Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after acquiring an additional 88,688 shares during the period. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after purchasing an additional 47,287 shares in the last quarter. TD Asset Management Inc lifted its position in Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after purchasing an additional 2,153 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after purchasing an additional 39,515 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CW. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Morgan Stanley restated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Citigroup lifted their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

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.