Curtiss-Wright Corp. Insider Sells $135,880 in Stock (CW)
Curtiss-Wright Corp. (NYSE:CW) Insider Michael J. Denton unloaded 2,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $67.94, for a total transaction of $135,880.00. Following the completion of the transaction, the insider now directly owns 14,852 shares in the company, valued at approximately $1,009,045. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Curtiss-Wright Corp. (NYSE:CW) traded down 2.75% during mid-day trading on Wednesday, hitting $66.86. 230,564 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a one year low of $34.81 and a one year high of $70.33. The stock’s 50-day moving average is $64.2 and its 200-day moving average is $60.33. The company has a market cap of $3.222 billion and a P/E ratio of 21.79.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings data on Wednesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 0.78%. The ex-dividend date is Tuesday, June 24th.
A number of analysts have recently weighed in on CW shares. 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 given a buy rating to the stock. Curtiss-Wright Corp. has a consensus rating of “Buy” and a consensus target price of $68.33.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.