Curtiss-Wright Corporation (NYSE:CW – Get Free Report) VP Gary Ogilby sold 399 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Curtiss-Wright Price Performance
CW stock opened at $758.19 on Friday. The business has a fifty day moving average of $726.95 and a two-hundred day moving average of $664.44. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The stock has a market cap of $28.01 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 3.51 and a beta of 0.85. Curtiss-Wright Corporation has a 52-week low of $458.74 and a 52-week high of $768.65.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 earnings per share. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.
Curtiss-Wright Dividend Announcement
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of CW. Norges Bank acquired a new position in Curtiss-Wright during the 4th quarter worth $290,633,000. Corient Private Wealth LLC grew its stake in Curtiss-Wright by 6,169.8% during the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after purchasing an additional 400,047 shares in the last quarter. Franklin Resources Inc. grew its stake in Curtiss-Wright by 61.0% during the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after purchasing an additional 185,887 shares in the last quarter. Axiom Investors LLC DE acquired a new position in Curtiss-Wright during the 4th quarter worth $76,892,000. Finally, AQR Capital Management LLC grew its stake in Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after purchasing an additional 122,048 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CW has been the subject of a number of research reports. Citigroup lifted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $746.67.
View Our Latest Stock Report on CW
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.
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