Curtiss-Wright (NYSE:CW) EVP Sells 1,035 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 1,035 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Curtiss-Wright Price Performance

Shares of CW traded down $13.76 during trading hours on Thursday, hitting $605.70. 282,811 shares of the company were exchanged, compared to its average volume of 294,434. The company has a market capitalization of $22.37 billion, a PE ratio of 41.69, a PEG ratio of 2.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The firm has a fifty day simple moving average of $725.45 and a 200-day simple moving average of $715.74. Curtiss-Wright Corporation has a one year low of $465.51 and a one year high of $808.16.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $782.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CW. Amundi lifted its stake in Curtiss-Wright by 47.6% in the 2nd quarter. Amundi now owns 154,668 shares of the aerospace company’s stock worth $117,201,000 after acquiring an additional 49,907 shares in the last quarter. California State Teachers Retirement System grew its stake in Curtiss-Wright by 96,633.6% during the 2nd quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock valued at $30,950,540,000 after acquiring an additional 40,802,556 shares in the last quarter. Wedmont Private Capital grew its stake in Curtiss-Wright by 27.6% during the 2nd quarter. Wedmont Private Capital now owns 702 shares of the aerospace company’s stock valued at $530,000 after acquiring an additional 152 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Curtiss-Wright by 4.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,221 shares of the aerospace company’s stock valued at $925,000 after purchasing an additional 52 shares during the period. Finally, Compass Financial Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $1,356,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.