Key Points
- Curtiss-Wright EVP John Watts sold 1,035 shares at an average price of $619.46, generating approximately $641,141. After the sale, he retained 2,736 shares, a 27.45% reduction in his holdings.
- CW shares opened at $605.70, down 2.2%, and remain well below their 52-week high of $808.16. The company has a market capitalization of $22.37 billion and trades at a price-to-earnings ratio of 41.69.
- Curtiss-Wright exceeded quarterly EPS expectations, reporting $3.72 versus the $3.62 consensus, while revenue rose 5.4% year over year to $924.01 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $782.50.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) EVP John Watts sold 1,035 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares of the company's stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Curtiss-Wright Stock Down 2.2%
CW opened at $605.70 on Friday. The business has a 50 day moving average of $721.95 and a 200-day moving average of $715.43. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 2.79 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16.
Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.
Institutional Trading of Curtiss-Wright
Institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC grew its position in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after acquiring an additional 15 shares during the period. IFP Advisors Inc lifted its holdings in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company's stock valued at $385,000 after acquiring an additional 16 shares during the period. Summit Financial LLC lifted its holdings in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company's stock valued at $384,000 after acquiring an additional 16 shares during the period. VestGen Investment Management boosted its stake in shares of Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company's stock valued at $1,031,000 after purchasing an additional 17 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its stake in shares of Curtiss-Wright by 4.9% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CW. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Stifel Nicolaus boosted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Wall Street Zen cut Curtiss-Wright from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $782.50.
Check Out Our Latest Research Report on CW
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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