Curtiss-Wright Corporation (CW) VP Glenn E. Tynan Sells 6,716 Shares

Curtiss-Wright Corporation (NYSE:CW) VP Glenn E. Tynan sold 6,716 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $118.26, for a total transaction of $794,234.16. Following the completion of the transaction, the vice president now directly owns 62,925 shares of the company’s stock, valued at approximately $7,441,510.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Curtiss-Wright Corporation (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. During the same period in the prior year, the business posted $1.02 earnings per share. Curtiss-Wright Corporation’s revenue was up 12.0% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is currently 12.45%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its holdings in shares of Curtiss-Wright Corporation by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Curtiss-Wright Corporation by 1.2% during the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Curtiss-Wright Corporation by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 46 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in shares of Curtiss-Wright Corporation by 1.6% during the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 50 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Curtiss-Wright Corporation by 0.6% during the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after purchasing an additional 100 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a research note on Friday, October 27th. Bank of America Corporation raised shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday. Wells Fargo & Company boosted their target price on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $126.67.

Curtiss-Wright Corporation Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

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