Curtiss-Wright (NYSE:CW) EVP John Watts Sells 652 Shares

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 652 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total transaction of $407,871.64. Following the completion of the transaction, the executive vice president owned 3,890 shares in the company, valued at $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Curtiss-Wright Price Performance

CW opened at $642.14 on Friday. The company has a fifty day moving average price of $594.52 and a two-hundred day moving average price of $548.80. The firm has a market capitalization of $23.68 billion, a PE ratio of 52.13, a P/E/G ratio of 2.85 and a beta of 0.93. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $683.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The company had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. During the same quarter in the prior year, the business posted $2.89 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.82%.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Curtiss-Wright during the second quarter valued at $235,000. Janney Montgomery Scott LLC grew its position in shares of Curtiss-Wright by 9.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,982 shares of the aerospace company’s stock worth $1,945,000 after buying an additional 330 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Curtiss-Wright by 0.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after acquiring an additional 37 shares in the last quarter. Finally, Ascent Group LLC increased its position in shares of Curtiss-Wright by 12.1% during the second quarter. Ascent Group LLC now owns 824 shares of the aerospace company’s stock worth $403,000 after acquiring an additional 89 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CW has been the topic of several recent analyst reports. Citigroup lifted their target price on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a report on Tuesday, December 16th. Stifel Nicolaus set a $625.00 price target on Curtiss-Wright in a report on Friday, January 23rd. Finally, Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $612.33.

Key Curtiss-Wright News

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Zacks and Street estimates point to expected earnings growth ahead of Curtiss‑Wright’s next report, which raises the odds of an earnings beat and provides a constructive fundamental backdrop. Read More.
• Neutral Sentiment: The Board declared a $0.24 quarterly dividend (payable Apr 13; record Mar 26), an annualized $0.96 (~0.2% yield). This is routine income but too small by itself to drive major share moves. Read More.
• Negative Sentiment: Concentrated insider selling is the dominant negative catalyst: CEO Lynn Bamford sold 9,327 shares (~$5.84M), CFO K. Christopher Farkas sold 2,665 shares (~$1.67M), COO Kevin Rayment sold 2,634 shares (~$1.65M) and several VPs/EVPs trimmed positions (disclosed Feb 4–5). The size and coordination of these sales is pressuring sentiment and likely the main reason for intraday weakness. Read More.

Curtiss-Wright Company Profile

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.