Curtiss-Wright Corp. (NYSE:CW) CEO Sells $913,796.88 in Stock

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Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 7,608 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $120.11, for a total value of $913,796.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, July 24th, David Charles Adams sold 7,000 shares of Curtiss-Wright stock. The stock was sold at an average price of $130.01, for a total value of $910,070.00.

Shares of CW opened at $121.82 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.10 and a debt-to-equity ratio of 0.53. Curtiss-Wright Corp. has a 12-month low of $95.23 and a 12-month high of $141.29. The firm has a market capitalization of $5.13 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. The stock’s fifty day simple moving average is $124.67 and its 200-day simple moving average is $118.20.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. Curtiss-Wright had a return on equity of 18.54% and a net margin of 11.90%. The business had revenue of $639.00 million for the quarter, compared to analyst estimates of $642.66 million. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright Corp. will post 7.12 EPS for the current year.

Curtiss-Wright declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 15th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

A number of equities analysts have commented on CW shares. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Wednesday, May 15th. ValuEngine raised Curtiss-Wright from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus boosted their price objective on Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $139.20.

Several institutional investors and hedge funds have recently modified their holdings of CW. Wolverine Trading LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth about $402,000. HM Payson & Co. acquired a new position in shares of Curtiss-Wright during the second quarter worth about $189,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Curtiss-Wright by 27.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,962 shares of the aerospace company’s stock worth $250,000 after buying an additional 424 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth about $71,036,000. Finally, Victory Capital Management Inc. boosted its position in shares of Curtiss-Wright by 23.1% during the second quarter. Victory Capital Management Inc. now owns 263,818 shares of the aerospace company’s stock worth $33,539,000 after buying an additional 49,479 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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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