Curtiss-Wright Corp. Insider Unloads $34,162 in Stock (CW)
Curtiss-Wright Corp. (NYSE:CW) Insider Michael J. Denton unloaded 475 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $71.92, for a total value of $34,162.00. The transaction was disclosed in a legal filing with the SEC, which is available at 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Curtiss-Wright Corp. presently has an average rating of “Buy” and a consensus target price of $69.56.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded down 1.30% on Wednesday, hitting $71.91. 205,684 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a one year low of $41.80 and a one year high of $73.44. The stock’s 50-day moving average is $66.50 and its 200-day moving average is $65.50. The company has a market cap of $3.461 billion and a P/E ratio of 22.80.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Curtiss-Wright Corp. will post $3.59 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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