Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 17,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the completion of the transaction, the chief executive officer now directly owns 70,570 shares in the company, valued at approximately $8,400,652.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Curtiss-Wright Corporation (NYSE CW) traded up $1.95 during trading on Friday, hitting $119.80. The stock had a trading volume of 163,140 shares, compared to its average volume of 259,156. The stock has a market cap of $5.29 billion, a PE ratio of 25.06, a PEG ratio of 2.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08.
Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. The firm had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. equities analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.50%. This is a boost 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 (DPR) is presently 12.45%.
CW has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on 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. Zacks Investment Research downgraded Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $125.00 target price on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $126.67.
A number of large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its holdings in 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 worth $303,000 after buying an additional 18 shares in the last quarter. World Asset Management Inc lifted its position in shares of Curtiss-Wright Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 33 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Curtiss-Wright Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 46 shares in the last quarter. Oakbrook Investments LLC lifted its position in shares of Curtiss-Wright Corporation by 1.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in shares of Curtiss-Wright Corporation by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.
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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