Curtiss-Wright Corp. Chairman Martin R. Benante Sells 34,600 Shares (CW)
Curtiss-Wright Corp. (NYSE:CW) Chairman Martin R. Benante sold 34,600 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $68.70, for a total transaction of $2,377,020.00. Following the completion of the sale, the chairman now directly owns 116,256 shares in the company, valued at approximately $7,986,787. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Curtiss-Wright Corp. (NYSE:CW) traded up 1.16% during mid-day trading on Monday, hitting $69.365. 179,831 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a one year low of $34.51 and a one year high of $70.33. The stock has a 50-day moving average of $63.93 and a 200-day moving average of $59.97. The company has a market cap of $3.343 billion and a P/E ratio of 21.73.
Curtiss-Wright Corp. (NYSE:CW) last announced its earnings results on Wednesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.10. The company had revenue of $641.00 million for the quarter, compared to the consensus estimate of $627.05 million. On average, analysts predict that Curtiss-Wright Corp. will post $3.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, June 24th.
A number of research firms have recently commented on CW. Analysts at Deutsche Bank raised their price target on shares of Curtiss-Wright Corp. from $72.00 to $75.00 in a research note on Friday, May 2nd. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Curtiss-Wright Corp. in a research note on Friday, May 2nd. They now have a $80.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Curtiss-Wright Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $68.33.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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