Curtiss-Wright (NYSE:CW) Director Larry Wyche Sells 100 Shares

Curtiss-Wright Corporation (NYSE:CW) Director Larry Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curtiss-Wright Trading Down 2.6%

Shares of CW stock opened at $581.04 on Tuesday. The firm has a market cap of $21.46 billion, a P/E ratio of 39.99, a PEG ratio of 2.69 and a beta of 0.87. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The firm’s 50-day simple moving average is $714.20 and its 200-day simple moving average is $714.58.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same period in the previous year, the firm earned $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Citigroup upped their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $782.50.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in CW. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Curtiss-Wright in the second quarter valued at about $30,000. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright during the second quarter worth about $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $31,000. Fiduciary Financial Advisors acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $31,000. Finally, Larson Financial Group LLC grew its stake in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. 82.71% of the stock is 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.