Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald Sells 148 Shares

Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Curtiss-Wright Stock Down 1.5 %

Shares of NYSE:CW opened at $323.81 on Wednesday. The business has a 50-day moving average price of $338.64 and a 200 day moving average price of $345.39. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12-month low of $241.44 and a 12-month high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Analyst Ratings Changes

A number of brokerages have weighed in on CW. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its position in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. grew its position in Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 32 shares in the last quarter. Finally, Ascent Group LLC grew its position in Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 33 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.