Curtiss-Wright Corporation (NYSE:CW) Director S Marce Fuller sold 1,300 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total transaction of $153,335.00. Following the completion of the sale, the director now directly owns 13,660 shares of the company’s stock, valued at $1,611,197. The transaction was disclosed in a filing with the SEC, which is available at this link.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. Curtiss-Wright Corporation’s payout ratio is 12.45%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Curtiss-Wright Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Curtiss-Wright Corporation by 93.2% during the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 7,970 shares in the last quarter. Burney Co. purchased a new stake in shares of Curtiss-Wright Corporation during the second quarter worth approximately $203,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Curtiss-Wright Corporation during the third quarter worth approximately $212,000. Finally, Linscomb & Williams Inc. purchased a new stake in shares of Curtiss-Wright Corporation during the third quarter worth approximately $212,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright Corporation in a report 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 price objective for the company in a report on Monday. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the company a “hold” rating in a report on Friday, October 27th. Wells Fargo & Company increased their price objective on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the company a “market perform” rating in a report 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 price objective for the company in a report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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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