Curtiss-Wright Corporation (NYSE:CW - Get Free Report) VP Robert Freda sold 418 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total value of $262,065.10. Following the completion of the sale, the vice president directly owned 5,187 shares in the company, valued at $3,251,989.65. This represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Curtiss-Wright Stock Up 2.8%
CW stock opened at $642.14 on Friday. The company's 50 day moving average price is $594.52 and its 200 day moving average price is $548.80. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 2.85 and a beta of 0.93. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $683.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.
Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate 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%.Curtiss-Wright's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.89 earnings per share. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright's payout ratio is currently 7.82%.
Hedge Funds Weigh In On Curtiss-Wright
A number of institutional investors have recently made changes to their positions in CW. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock valued at $33,000 after buying an additional 21 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Curtiss-Wright during the third quarter valued at approximately $34,000. 82.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently issued reports on CW shares. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Weiss Ratings reissued a "buy (b)" rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley restated an "overweight" rating and set a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Wall Street Zen raised shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Finally, Stifel Nicolaus set a $625.00 target price on shares of Curtiss-Wright in a research note on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $612.33.
Get Our Latest Stock Report on CW
More Curtiss-Wright News
Here are the key news stories impacting Curtiss-Wright this week:
- Positive Sentiment: Zacks and Street estimates point to expected earnings growth ahead of Curtiss‑Wright’s next report, which raises the odds of an earnings beat and provides a constructive fundamental backdrop. Read More.
- Neutral Sentiment: The Board declared a $0.24 quarterly dividend (payable Apr 13; record Mar 26), an annualized $0.96 (~0.2% yield). This is routine income but too small by itself to drive major share moves. Read More.
- Negative Sentiment: Concentrated insider selling is the dominant negative catalyst: CEO Lynn Bamford sold 9,327 shares (~$5.84M), CFO K. Christopher Farkas sold 2,665 shares (~$1.67M), COO Kevin Rayment sold 2,634 shares (~$1.65M) and several VPs/EVPs trimmed positions (disclosed Feb 4–5). The size and coordination of these sales is pressuring sentiment and likely the main reason for intraday weakness. Read More.
Curtiss-Wright Company Profile
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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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