Key Points
- Insider sale: VP John Watts sold 118 shares on Dec. 23 at an average price of $575 for a total of $67,850, reducing his stake by 3.20% to 3,570 shares; the transaction was disclosed in an SEC filing.
- Recent results: Curtiss‑Wright reported Q3 EPS of $3.40 (beating estimates) and revenue of $869M, up 8.8% year‑over‑year, with a market capitalization of about $20.7 billion.
- Analyst and shareholder snapshot: the stock has a consensus rating of "Moderate Buy" with an average price target of $585.50, and the company pays a quarterly dividend of $0.24 (annualized $0.96) for a yield of ~0.2%.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) VP John Watts sold 118 shares of the company's stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $575.00, for a total value of $67,850.00. Following the completion of the sale, the vice president directly owned 3,570 shares in the company, valued at approximately $2,052,750. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Curtiss-Wright Stock Performance
Shares of Curtiss-Wright stock opened at $562.14 on Tuesday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28. The firm has a market capitalization of $20.73 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.98 and a beta of 0.93. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $560.82 and a two-hundred day simple moving average of $520.73.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. During the same period last year, the business earned $2.89 EPS. Curtiss-Wright's quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.82%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $587.00 to $584.00 and set a "hold" rating for the company in a research report on Tuesday, December 16th. Truist Financial raised their price target on Curtiss-Wright from $525.00 to $537.00 and gave the company a "hold" rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup started coverage on shares of Curtiss-Wright in a research note on Thursday, December 11th. They set a "neutral" rating and a $607.00 price objective for the company. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $585.50.
View Our Latest Analysis on Curtiss-Wright
Hedge Funds Weigh In On Curtiss-Wright
A number of hedge funds have recently bought and sold shares of CW. Tudor Investment Corp ET AL grew its stake in shares of Curtiss-Wright by 100.3% in the third quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company's stock worth $48,768,000 after acquiring an additional 44,977 shares during the period. Allworth Financial LP boosted its holdings in Curtiss-Wright by 162.7% in the third quarter. Allworth Financial LP now owns 289 shares of the aerospace company's stock worth $157,000 after purchasing an additional 179 shares during the last quarter. IFP Advisors Inc grew its position in Curtiss-Wright by 3.5% in the 3rd quarter. IFP Advisors Inc now owns 683 shares of the aerospace company's stock worth $372,000 after purchasing an additional 23 shares during the period. Swiss Life Asset Management Ltd grew its position in Curtiss-Wright by 78.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company's stock worth $950,000 after purchasing an additional 772 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Curtiss-Wright by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company's stock valued at $100,567,000 after buying an additional 7,022 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.
About Curtiss-Wright
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
