Key Points
- Insider sale: EVP John Watts sold 288 shares on January 8 at an average of $600 for a $172,800 transaction, reducing his stake by 8.29% to 3,188 shares valued at about $1.91M.
- Q4 results: Curtiss‑Wright reported EPS of $3.40 (beat by $0.12) and revenue of $869M (up 8.8% YoY); the stock trades near $606 with a PE around 49.4.
- Analyst & institutional picture: The consensus rating is a "Moderate Buy" with an average target of $596.50, and institutional investors own roughly 82.7% of the shares.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) EVP John Watts sold 288 shares of Curtiss-Wright stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the sale, the executive vice president directly owned 3,188 shares of the company's stock, valued at $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Curtiss-Wright Stock Up 4.0%
CW opened at $606.08 on Friday. The business's fifty day simple moving average is $560.87 and its 200 day simple moving average is $526.70. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $612.28. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The stock has a market cap of $22.35 billion, a PE ratio of 49.40, a P/E/G ratio of 2.65 and a beta of 0.95.
Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $869.00 million during the quarter, compared to analysts' expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 EPS. As a group, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.82%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on CW shares. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday. Morgan Stanley reissued an "overweight" rating and issued a $660.00 price target on shares of Curtiss-Wright in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $587.00 to $584.00 and set a "hold" rating on the stock in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average target price of $596.50.
Read Our Latest Research Report on CW
Institutional Trading of Curtiss-Wright
A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in Curtiss-Wright by 738.8% during the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company's stock valued at $14,335,000 after acquiring an additional 22,903 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Curtiss-Wright by 2,573.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 40,923 shares of the aerospace company's stock valued at $22,560,000 after purchasing an additional 39,392 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Curtiss-Wright by 16.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,667 shares of the aerospace company's stock worth $8,115,000 after purchasing an additional 1,965 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Curtiss-Wright by 99.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,232 shares of the aerospace company's stock worth $723,000 after buying an additional 615 shares during the last quarter. Finally, Grove Bank & Trust bought a new position in Curtiss-Wright during the 4th quarter valued at approximately $1,104,000. 82.71% of the stock is owned by hedge funds and other institutional investors.
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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