Curtiss-Wright (NYSE:CW) EVP John Watts Sells 220 Shares

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 220 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $7.84 on Wednesday, hitting $742.83. The company had a trading volume of 279,440 shares, compared to its average volume of 283,380. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 52-week low of $435.35 and a 52-week high of $760.72. The business has a 50 day moving average of $712.26 and a 200 day moving average of $648.77. The company has a market cap of $27.44 billion, a PE ratio of 54.42, a PEG ratio of 3.39 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same period in the prior year, the business earned $2.82 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is currently 7.03%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Citigroup increased their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Hedge Funds Weigh In On Curtiss-Wright

Several large investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after acquiring an additional 16,962 shares during the last quarter. Invesco Ltd. increased its stake in Curtiss-Wright by 7.9% during the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after acquiring an additional 88,688 shares during the last quarter. Geode Capital Management LLC increased its stake in Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after acquiring an additional 47,287 shares during the last quarter. TD Asset Management Inc increased its stake in Curtiss-Wright by 0.3% during the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after acquiring an additional 2,153 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Curtiss-Wright by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after acquiring an additional 39,515 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.