Curtiss-Wright Corporation (NYSE:CW) Director Albert E. Smith sold 1,700 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total transaction of $207,995.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Curtiss-Wright Corporation (CW) traded down $0.05 during mid-day trading on Wednesday, reaching $122.64. 191,145 shares of the company’s stock traded hands, compared to its average volume of 179,150. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5,377.16, a price-to-earnings ratio of 25.44, a PEG ratio of 1.90 and a beta of 1.26. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $125.00.
Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. Curtiss-Wright’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. sell-side analysts anticipate that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.
CW has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Stifel Nicolaus initiated coverage on shares of Curtiss-Wright in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 price objective for the company. Finally, Deutsche Bank reissued a “buy” rating and issued a $125.00 price objective on shares of Curtiss-Wright in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $129.86.
Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Curtiss-Wright during the third quarter worth about $591,000. Royce & Associates LP boosted its stake in Curtiss-Wright by 14.9% during the second quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock worth $3,543,000 after buying an additional 5,000 shares during the period. Schroder Investment Management Group purchased a new position in Curtiss-Wright during the second quarter worth about $13,442,000. Swiss National Bank boosted its stake in Curtiss-Wright by 1.6% during the second quarter. Swiss National Bank now owns 70,400 shares of the aerospace company’s stock worth $6,461,000 after buying an additional 1,100 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Curtiss-Wright by 15.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 522,366 shares of the aerospace company’s stock worth $47,943,000 after buying an additional 68,431 shares during the period. 76.17% of the stock is owned by institutional investors.
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Curtiss-Wright 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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