Curtiss-Wright Corporation (CW) Director Sells $152,464.00 in Stock
Curtiss-Wright Corporation (NYSE:CW) Director John B. Nathman sold 1,300 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $117.28, for a total value of $152,464.00. Following the sale, the director now owns 4,155 shares of the company’s stock, valued at approximately $487,298.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Curtiss-Wright Corporation (CW) traded up 1.16% during trading on Monday, hitting $117.30. The company’s stock had a trading volume of 447,034 shares. The firm’s 50 day moving average is $107.32 and its 200-day moving average is $96.32. The company has a market capitalization of $5.18 billion, a P/E ratio of 26.61 and a beta of 1.25. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $118.49.
Curtiss-Wright Corporation (NYSE:CW) last released its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. Analysts forecast that Curtiss-Wright Corporation will post $4.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 12.45%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Curtiss-Wright Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 143 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Curtiss-Wright Corporation in the 3rd quarter worth approximately $212,000. Linscomb & Williams Inc. bought a new stake in shares of Curtiss-Wright Corporation in the 3rd quarter worth approximately $212,000. Burney Co. bought a new stake in shares of Curtiss-Wright Corporation in the 2nd quarter worth approximately $203,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Curtiss-Wright Corporation by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 256 shares during the period. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on CW. Bank of America Corporation raised Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday. Wells Fargo & Company boosted their price target on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday. Stifel Nicolaus boosted their price target on Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a research report on Friday. SunTrust Banks, Inc. reissued a “buy” rating and set a $128.00 price target on shares of Curtiss-Wright Corporation in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Curtiss-Wright Corporation has an average rating of “Hold” and an average target price of $126.67.
Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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