Insider Selling: Curtiss-Wright Corp. VP Unloads $92,120 in Stock (CW)
Curtiss-Wright Corp. (NYSE:CW) VP Harry Jakubowitz unloaded 1,316 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $70.00, for a total transaction of $92,120.00. Following the transaction, the vice president now directly owns 10,358 shares in the company, valued at approximately $725,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CW shares. Analysts at Zacks upgraded shares of Curtiss-Wright Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $70.80 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Curtiss-Wright Corp. from $70.00 to $72.00 in a research note on Wednesday, August 13th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Curtiss-Wright Corp. in a research note on Friday, August 1st. They now have a $75.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $69.56.
Curtiss-Wright Corp. (NYSE:CW) traded down 0.46% on Friday, hitting $71.07. 86,983 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 52 week low of $41.50 and a 52 week high of $71.74. The stock’s 50-day moving average is $64.81 and its 200-day moving average is $64.78. The company has a market cap of $3.421 billion and a price-to-earnings ratio of 22.35.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.03. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $647.60 million. During the same quarter last year, the company posted $0.70 earnings per share. Curtiss-Wright Corp.’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright Corp. will post $3.59 earnings per share for the current fiscal year.
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.