Curtiss-Wright (NYSE:CW) VP Sells $102,388.57 in Stock

Curtiss-Wright Corporation (NYSE:CW) VP George Mcdonald sold 151 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total value of $102,388.57. Following the completion of the sale, the vice president owned 4,210 shares of the company’s stock, valued at $2,854,674.70. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Curtiss-Wright Price Performance

Shares of CW opened at $671.17 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.00 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 $24.75 billion, a P/E ratio of 52.15, a price-to-earnings-growth ratio of 3.37 and a beta of 0.91. The stock’s 50-day moving average price is $673.13 and its two-hundred day moving average price is $591.64.

Curtiss-Wright (NYSE:CW) last announced its quarterly 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 company had revenue of $946.98 million during the quarter, compared to analysts’ expectations 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 was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.27 EPS. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current 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. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.46%.

Analyst Ratings Changes

CW has been the topic of several analyst reports. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Citigroup boosted their target price on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of Curtiss-Wright by 53.6% during the fourth quarter. Hsbc Holdings PLC now owns 33,414 shares of the aerospace company’s stock worth $18,608,000 after acquiring an additional 11,660 shares in the last quarter. World Investment Advisors lifted its position in Curtiss-Wright by 118.7% in the 4th quarter. World Investment Advisors now owns 842 shares of the aerospace company’s stock valued at $464,000 after acquiring an additional 457 shares in the last quarter. Corient Private Wealth LLC lifted its position in Curtiss-Wright by 3.4% in the 4th quarter. Corient Private Wealth LLC now owns 6,705 shares of the aerospace company’s stock valued at $3,701,000 after acquiring an additional 221 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Curtiss-Wright in the 4th quarter worth $42,000. Finally, DGS Capital Management LLC increased its holdings in Curtiss-Wright by 8.2% during the 4th quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds 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.