Curtiss-Wright (NYSE:CW) EVP John Watts Sells 288 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 288 shares of Curtiss-Wright stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the sale, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Curtiss-Wright Price Performance

CW opened at $606.08 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28. The firm has a 50-day moving average of $560.87 and a 200 day moving average of $526.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The firm has a market cap of $22.35 billion, a P/E ratio of 49.40, a PEG ratio of 2.65 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 earnings per share. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new position in Curtiss-Wright during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $27,000. Penserra Capital Management LLC purchased a new position in shares of Curtiss-Wright during the second quarter worth about $29,000. Larson Financial Group LLC increased its position in shares of Curtiss-Wright by 53.8% in 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 last quarter. Finally, First Horizon Corp purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday. Stifel Nicolaus cut their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Finally, Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $596.50.

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.