Curtiss-Wright Co. (NYSE:CW) VP Sells $148,134.60 in Stock

Curtiss-Wright Co. (NYSE:CW) VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $377.31 on Friday. The business has a fifty day moving average of $334.10 and a 200 day moving average of $298.20. Curtiss-Wright Co. has a 1 year low of $203.60 and a 1 year high of $381.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 35.70 and a beta of 1.17.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The firm had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the previous year, the company posted $2.15 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright Co. will post 10.66 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CW. Tsfg LLC raised its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. boosted its holdings in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright in the second quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $362.60.

About Curtiss-Wright

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.