John C. Watts Sells 450 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) VP John C. Watts sold 450 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president now owns 4,959 shares of the company’s stock, valued at $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Curtiss-Wright Trading Down 0.3%

NYSE:CW opened at $439.79 on Friday. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $453.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm’s fifty day moving average is $355.93 and its 200-day moving average is $351.39. The firm has a market cap of $16.56 billion, a P/E ratio of 41.69, a P/E/G ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright’s dividend payout ratio is presently 8.54%.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently added to or reduced their stakes in CW. Vanguard Group Inc. boosted its holdings in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after buying an additional 15,890 shares in the last quarter. Invesco Ltd. lifted its position in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. boosted its stake in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after acquiring an additional 107,115 shares in the last quarter. Geode Capital Management LLC grew its holdings in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after purchasing an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after purchasing an additional 6,971 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of several recent research reports. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Stifel Nicolaus cut their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Robert W. Baird lifted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $404.29.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.