Key Points
- John Watts, Curtiss‑Wright EVP, sold 107 shares on January 5 at an average price of $578.84 for total proceeds of $61,935.88, leaving him with 3,476 shares (a 2.99% reduction) as disclosed in an SEC filing.
- The company reported quarterly EPS of $3.40 versus estimates of $3.28 with revenue of $869 million (up 8.8% year‑over‑year), and the stock has a market capitalization of $21.86 billion and a PE of 48.31.
- Curtiss‑Wright pays a quarterly dividend of $0.24 ($0.96 annualized, yield 0.2%), and analysts have a consensus rating of Moderate Buy with an average price target of $585.50.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) EVP John Watts sold 107 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $578.84, for a total value of $61,935.88. Following the transaction, the executive vice president owned 3,476 shares in the company, valued at $2,012,047.84. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Curtiss-Wright Stock Up 1.1%
Curtiss-Wright stock opened at $592.82 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The stock has a market capitalization of $21.86 billion, a PE ratio of 48.31, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The business has a 50 day simple moving average of $561.38 and a 200-day simple moving average of $525.00. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28.
Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 EPS. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.
Curtiss-Wright Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright's payout ratio is currently 7.82%.
Analysts Set New Price Targets
Several equities research analysts have commented on CW shares. Wall Street Zen lowered Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, December 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Truist Financial lifted their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a "hold" rating in a research note on Friday, November 7th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They issued a "neutral" rating and a $607.00 target price for the company. Four equities research 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, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $585.50.
Get Our Latest Report on CW
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CW. GAMMA Investing LLC raised its stake in Curtiss-Wright by 5.1% during the fourth quarter. GAMMA Investing LLC now owns 1,211 shares of the aerospace company's stock worth $668,000 after purchasing an additional 59 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of Curtiss-Wright by 100.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company's stock worth $48,768,000 after buying an additional 44,977 shares during the last quarter. Allworth Financial LP raised its position in shares of Curtiss-Wright by 162.7% during the 3rd quarter. Allworth Financial LP now owns 289 shares of the aerospace company's stock valued at $157,000 after buying an additional 179 shares during the period. IFP Advisors Inc lifted its holdings in Curtiss-Wright by 3.5% in the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company's stock valued at $372,000 after acquiring an additional 23 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in Curtiss-Wright by 78.9% in the third quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company's stock valued at $950,000 after acquiring an additional 772 shares during the last quarter. Institutional investors and hedge funds 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.
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