Insider Selling: Curtiss-Wright Corporation (CW) Director Sells 1,300 Shares of Stock
Curtiss-Wright Corporation (NYSE:CW) Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total transaction of $153,335.00. Following the sale, the director now directly owns 13,660 shares in the company, valued at approximately $1,611,197. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is presently 12.45%.
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Several equities research analysts have recently weighed in on the stock. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a research report on Friday, October 27th. Bank of America Corporation raised shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $128.00 target price on shares of Curtiss-Wright Corporation in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $126.67.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Curtiss-Wright Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after buying an additional 143 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Curtiss-Wright Corporation by 93.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after buying an additional 7,970 shares in the last quarter. Burney Co. bought a new position in shares of Curtiss-Wright Corporation during the 2nd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC bought a new position in shares of Curtiss-Wright Corporation during the 3rd quarter worth approximately $212,000. Finally, Linscomb & Williams Inc. bought a new position in shares of Curtiss-Wright Corporation during the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.
About Curtiss-Wright Corporation
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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