Key Points
- Insider sale: VP Gary Ogilby sold 252 shares on March 18 at an average price of $689.14 for a total of $173,663.28, reducing his stake by 8.93% to 2,571 shares valued at about $1.77 million.
- Strong quarterly results: Curtiss‑Wright beat estimates with Q EPS of $3.79 versus $3.66 and revenue of $946.98M (up 14.9% YoY); the company has a market cap of $25.16B and a P/E of 53.02.
- Dividend and analyst view: The company declared a quarterly dividend of $0.24 (annualized $0.96, yield ~0.1%, ex‑dividend March 26), and analysts have a consensus rating of "Moderate Buy" with an average price target of $663.17.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) VP Gary Ogilby sold 252 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the sale, the vice president directly owned 2,571 shares of the company's stock, valued at $1,771,778.94. This represents a 8.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Curtiss-Wright Price Performance
NYSE:CW opened at $682.34 on Friday. The company has a market capitalization of $25.16 billion, a P/E ratio of 53.02, a P/E/G ratio of 3.37 and a beta of 0.91. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The business's 50-day moving average is $671.83 and its 200 day moving average is $590.30. 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 (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.27 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright's payout ratio is presently 7.46%.
Hedge Funds Weigh In On Curtiss-Wright
A number of large investors have recently bought and sold shares of CW. World Investment Advisors grew its position in shares of Curtiss-Wright by 118.7% during the fourth quarter. World Investment Advisors now owns 842 shares of the aerospace company's stock worth $464,000 after acquiring an additional 457 shares during the last quarter. Corient Private Wealth LLC grew its position in Curtiss-Wright by 3.4% in the 4th quarter. Corient Private Wealth LLC now owns 6,705 shares of the aerospace company's stock worth $3,701,000 after purchasing an additional 221 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Curtiss-Wright by 53.6% in the fourth quarter. Hsbc Holdings PLC now owns 33,414 shares of the aerospace company's stock valued at $18,608,000 after purchasing an additional 11,660 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $42,000. Finally, DGS Capital Management LLC boosted its position in shares of Curtiss-Wright by 8.2% during the fourth quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company's stock worth $239,000 after buying an additional 33 shares during the period. Institutional investors own 82.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CW shares. Wall Street Zen upgraded shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a "hold" rating in a research note on Friday, February 13th. Morgan Stanley reiterated an "overweight" rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Citigroup raised their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a "neutral" rating in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average price target of $663.17.
Check Out Our Latest Stock Analysis on Curtiss-Wright
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.
Further Reading
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