Curtiss-Wright (NYSE:CW) EVP Sells $165,640.20 in Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 220 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Trading Up 0.0%

NYSE CW opened at $747.99 on Friday. Curtiss-Wright Corporation has a 12 month low of $435.35 and a 12 month high of $760.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. The company’s fifty day moving average price is $715.99 and its two-hundred day moving average price is $651.82.

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

Curtiss-Wright Announces Dividend

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

Institutional Trading of Curtiss-Wright

A number of large investors have recently modified their holdings of CW. Goldman Sachs Group Inc. increased its holdings in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after acquiring an additional 20,379 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $235,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the period. Marshall Wace LLP acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

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