Curtiss-Wright Corp. Insider Sells $173,757 in Stock (CW)
Curtiss-Wright Corp. (NYSE:CW) Insider Michael J. Denton sold 2,593 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $67.01, for a total transaction of $173,756.93. Following the completion of the transaction, the insider now directly owns 2,259 shares in the company, valued at approximately $151,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Curtiss-Wright Corp. (NYSE:CW) traded up 0.65% during mid-day trading on Friday, hitting $67.97. 176,826 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a one year low of $35.66 and a one year high of $70.33. The stock has a 50-day moving average of $66.03 and a 200-day moving average of $62.12. The company has a market cap of $3.275 billion and a P/E ratio of 21.40.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results 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. Analysts expect that Curtiss-Wright Corp. will post $3.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Stockholders of record on Thursday, June 26th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 24th.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Curtiss-Wright Corp. currently has an average 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.
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