Curtiss-Wright Corporation (CW) CEO Sells $2,023,680.00 in Stock
Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total value of $2,023,680.00. Following the completion of the transaction, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded up $1.95 on Friday, hitting $119.80. The company’s stock had a trading volume of 233,843 shares, compared to its average volume of 259,156. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 25.06 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. The company 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 firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. equities analysts forecast that Curtiss-Wright Corporation will post 4.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s payout ratio is currently 12.45%.
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A number of research analysts recently weighed in on the company. Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Bank of America Corporation upgraded Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Monday. Stifel Nicolaus lifted their target price on Curtiss-Wright Corporation from $117.00 to $124.00 and gave the company a “hold” rating in a report on Friday, October 27th. Wells Fargo & Company lifted their target price on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $126.67.
Several institutional investors and hedge funds have recently modified their holdings of CW. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Curtiss-Wright Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Curtiss-Wright Corporation by 93.2% during the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 7,970 shares in the last quarter. Burney Co. acquired a new position in shares of Curtiss-Wright Corporation during the second quarter worth about $203,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Curtiss-Wright Corporation during the third quarter worth about $212,000. Finally, Linscomb & Williams Inc. acquired a new position in shares of Curtiss-Wright Corporation during the third quarter worth about $212,000. Institutional investors own 76.41% of the company’s stock.
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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