Curtiss-Wright Corporation (CW) CEO David Charles Adams Sells 5,270 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 5,270 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $620,489.80. Following the completion of the sale, the chief executive officer now owns 64,623 shares of the company’s stock, valued at approximately $7,608,712.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Charles Adams also recently made the following trade(s):

  • On Thursday, November 2nd, David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00.

Shares of Curtiss-Wright Corporation (CW) traded down $0.97 during midday trading on Friday, hitting $118.29. 349,838 shares of the stock were exchanged, compared to its average volume of 247,343. The stock has a market capitalization of $5,260.00, a P/E ratio of 24.78, a PEG ratio of 2.02 and a beta of 1.25. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $120.54. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.

Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The business had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. analysts expect that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is presently 12.35%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 buying an additional 143 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Curtiss-Wright Corporation by 93.2% in the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares during the period. Burney Co. purchased a new stake in Curtiss-Wright Corporation in the second quarter valued at approximately $203,000. Magnetar Financial LLC purchased a new stake in Curtiss-Wright Corporation in the third quarter valued at approximately $203,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Curtiss-Wright Corporation in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Several equities analysts have weighed in on the stock. Stifel Nicolaus raised their target price 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. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. SunTrust Banks, Inc. restated a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright Corporation in a report on Friday, October 20th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 target price on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Curtiss-Wright Corporation has an average rating of “Buy” and an average price target of $126.67.

About Curtiss-Wright Corporation

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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