Insider Selling: Curtiss-Wright Corp. (NYSE:CW) CEO Sells 886 Shares of Stock

Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 886 shares of Curtiss-Wright stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $141.00, for a total value of $124,926.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, November 7th, David Charles Adams sold 4,319 shares of Curtiss-Wright stock. The stock was sold at an average price of $139.95, for a total value of $604,444.05.
  • On Thursday, September 5th, David Charles Adams sold 6,439 shares of Curtiss-Wright stock. The stock was sold at an average price of $125.00, for a total value of $804,875.00.

Shares of NYSE:CW traded up $0.57 during midday trading on Friday, reaching $141.37. 79 shares of the company’s stock were exchanged, compared to its average volume of 195,114. The firm’s 50 day simple moving average is $130.68 and its two-hundred day simple moving average is $123.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.19 and a quick ratio of 1.52. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.36 and a beta of 1.18. Curtiss-Wright Corp. has a fifty-two week low of $95.23 and a fifty-two week high of $141.00.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.12. The firm had revenue of $614.88 million during the quarter, compared to the consensus estimate of $624.15 million. Curtiss-Wright had a return on equity of 18.83% and a net margin of 12.13%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. Equities research analysts predict that Curtiss-Wright Corp. will post 7.19 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.17 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 2nd. Curtiss-Wright’s payout ratio is 10.68%.

Several large investors have recently modified their holdings of CW. First Trust Advisors LP lifted its stake in Curtiss-Wright by 8.7% during the first quarter. First Trust Advisors LP now owns 37,579 shares of the aerospace company’s stock worth $4,259,000 after purchasing an additional 3,011 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Curtiss-Wright by 3.2% during the second quarter. Private Trust Co. NA now owns 4,548 shares of the aerospace company’s stock worth $578,000 after purchasing an additional 142 shares during the period. WINTON GROUP Ltd bought a new position in shares of Curtiss-Wright during the second quarter worth approximately $280,000. Carroll Financial Associates Inc. bought a new position in shares of Curtiss-Wright during the second quarter worth approximately $38,000. Finally, CENTRAL TRUST Co increased its holdings in shares of Curtiss-Wright by 2,239.1% during the second quarter. CENTRAL TRUST Co now owns 1,614 shares of the aerospace company’s stock worth $202,000 after purchasing an additional 1,545 shares during the period. 77.58% of the stock is owned by hedge funds and other institutional investors.

CW has been the topic of several analyst reports. ValuEngine lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Friday, October 25th. UBS Group lifted their price target on Curtiss-Wright from $134.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Wednesday, September 11th. Finally, Stifel Nicolaus set a $150.00 price objective on Curtiss-Wright and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $141.80.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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