Insider Selling: Harry Jakubowitz Sells 1,932 Shares of Curtiss-Wright Corp. Stock (CW)
Curtiss-Wright Corp. (NYSE:CW) VP Harry Jakubowitz unloaded 1,932 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $45.50, for a total transaction of $87,906.00. Following the completion of the sale, the vice president now directly owns 8,767 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Curtiss-Wright Corp. (NYSE:CW) in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Curtiss-Wright Corp. (NYSE:CW) in a research note to investors on Thursday, August 8th. They set a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Curtiss-Wright Corp. (NYSE:CW) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $46.00 price target on the stock, up previously from $42.00.
Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.00.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 2.05% during mid-day trading on Tuesday, hitting $46.23. 73,172 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 1-year low of $28.95 and a 1-year high of $45.54. The stock’s 50-day moving average is $42.17 and its 200-day moving average is $37.03. The company has a market cap of $2.176 billion and a price-to-earnings ratio of 20.65.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $617.70 million for the quarter, compared to the consensus estimate of $603.47 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts expect that Curtiss-Wright Corp. will post $2.82 EPS for the current fiscal year.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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