Lynn Bamford Sells 2,500 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Price Performance

Shares of CW stock traded down $11.83 during trading hours on Wednesday, reaching $721.75. The company had a trading volume of 312,739 shares, compared to its average volume of 286,851. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The stock has a fifty day moving average of $722.40 and a 200-day moving average of $660.89. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 3.34 and a beta of 0.85. Curtiss-Wright Corporation has a 12-month low of $447.11 and a 12-month high of $760.72.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 earnings per share. On average, equities analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.03%.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Invesco Ltd. boosted 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 worth $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 47,287 shares during the period. TD Asset Management Inc boosted its stake in shares of Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after buying an additional 2,153 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Curtiss-Wright by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after buying an additional 39,515 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Citigroup upped their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $746.67.

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.