Curtiss-Wright (NYSE:CW) Director Larry Wyche Sells 100 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) Director Larry Wyche sold 100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Stock Down 2.6%

Shares of CW traded down $15.33 during trading on Monday, reaching $581.04. The company’s stock had a trading volume of 660,295 shares, compared to its average volume of 296,757. The company has a fifty day moving average of $718.27 and a two-hundred day moving average of $715.04. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 2.69 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.23 earnings per share. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 15.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CW shares. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Three investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $782.50.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Curtiss-Wright in the 2nd quarter worth about $3,448,649,000. Pacer Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock worth $5,931,000 after buying an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Curtiss-Wright by 39,282.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after acquiring an additional 64,423 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd raised its holdings in shares of Curtiss-Wright by 72.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after acquiring an additional 3,132 shares during the period. 82.71% of the stock is owned by institutional investors.

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.