Key Points
- Curtiss-Wright director Larry Wyche sold 100 shares at an average price of $596.74, generating $59,674 and reducing his direct ownership by 6.61% to 1,414 shares.
- The company’s latest quarterly results exceeded expectations, with EPS of $3.72 versus the $3.62 consensus estimate, while revenue rose 5.4% year over year to $924.01 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $782.50; shares opened at $581.04, well below the 12-month high of $808.16.
Curtiss-Wright Corporation (NYSE:CW - Get Free Report) Director Larry Wyche sold 100 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Curtiss-Wright Price Performance
Shares of CW stock opened at $581.04 on Tuesday. The firm has a fifty day simple moving average of $714.20 and a 200-day simple moving average of $714.58. The company has a market capitalization of $21.46 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. 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 (NYSE:CW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the firm posted $3.23 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Curtiss-Wright
Several large investors have recently modified their holdings of CW. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Curtiss-Wright in the second quarter worth about $30,000. Quantbot Technologies LP bought a new position in Curtiss-Wright during the 2nd quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright during the 4th quarter worth approximately $31,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $31,000. Finally, Larson Financial Group LLC grew its position in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 82.71% of the company's stock.
Analyst Ratings Changes
CW has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Finally, Citigroup increased their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $782.50.
Check Out Our Latest Analysis on CW
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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