Insider Selling: Curtiss-Wright (NYSE:CW) COO Sells 907 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) COO Kevin Rayment sold 907 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at $21,332,728.34. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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Kevin Rayment also recently made the following trade(s):

• On Wednesday, February 4th, Kevin Rayment sold 2,634 shares of Curtiss-Wright stock. The shares were sold at an average price of $626.33, for a total transaction of $1,649,753.22.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $689.34 on Thursday. The firm has a market capitalization of $25.42 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 3.31 and a beta of 0.91. The firm has a fifty day simple moving average of $669.63 and a two-hundred day simple moving average of $589.58. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12.

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Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the prior year, the company posted $3.27 earnings per share. The business's revenue was up 14.9% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright's dividend payout ratio is currently 7.46%.

Curtiss-Wright News Summary

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Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Recent fundamentals remain supportive: Curtiss‑Wright beat revenue and EPS in its Feb quarterly report and continues to show double‑digit revenue growth and strong margins, which helps explain buying interest despite other headlines. (Earnings release: Feb 11)
• Neutral Sentiment: Several mid‑level executives reported relatively small share disposals (VPs and an EVP sold between ~140–220 shares each). These appear to be routine diversification/liquidity trades rather than large directional bets. SEC filings: Read More., Read More., Read More., Read More.
• Negative Sentiment: Top executives sold meaningful stakes on Mar 17: CEO Lynn Bamford sold 3,225 shares (~$2.18M), CFO K. Christopher Farkas sold 918 shares (~$622k), and COO Kevin Rayment sold 907 shares (~$614k). Concentrated sales by C‑suite officers can be perceived negatively by the market as signaling reduced insider conviction or portfolio rebalancing; these specific Form 4s are here: Read More., Read More., Read More.
• Negative Sentiment: An analyst piece published Mar 17 expresses a downgrade after the stock’s strong run, raising concerns about valuation and the sustainability of margins — this negative commentary can pressure sentiment and invites closer attention to forward guidance and multiples. Curtiss‑Wright: I'm Downgrading After A Huge Run And Here's Why

Analyst Ratings Changes

CW has been the subject of a number of recent research reports. Truist Financial set a $603.00 price objective on Curtiss-Wright in a report on Friday, January 9th. Stifel Nicolaus raised their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a "hold" rating in a report on Friday, February 13th. Wall Street Zen raised Curtiss-Wright from a "hold" rating to a "buy" rating in a research report on Saturday, January 10th. Citigroup upped their price target on Curtiss-Wright from $661.00 to $718.00 and gave the stock a "neutral" rating in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $663.17.

Get Our Latest Research Report on Curtiss-Wright

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $290,633,000. Corient Private Wealth LLC boosted its stake in shares of Curtiss-Wright by 6,169.8% in the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company's stock worth $224,108,000 after buying an additional 400,047 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company's stock valued at $270,392,000 after acquiring an additional 185,887 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Curtiss-Wright by 31.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company's stock valued at $395,665,000 after acquiring an additional 174,592 shares in the last quarter. Finally, Munro Partners purchased a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $78,000,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

(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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