Curtiss-Wright Corp. (CW) CFO Sells $625,015.05 in Stock

Curtiss-Wright Corp. (NYSE:CW) CFO Glenn E. Tynan sold 5,189 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $120.45, for a total transaction of $625,015.05. Following the transaction, the chief financial officer now directly owns 58,476 shares of the company’s stock, valued at $7,043,434.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Curtiss-Wright Corp. (CW) traded up $0.99 during midday trading on Monday, hitting $119.28. 48,014 shares of the company traded hands, compared to its average volume of 212,992. Curtiss-Wright Corp. has a one year low of $82.77 and a one year high of $134.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The stock has a market capitalization of $5,220.06, a PE ratio of 24.54, a P/E/G ratio of 1.78 and a beta of 1.24.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is currently 12.45%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $135,000. Community Financial Services Group LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $201,000. Sabal Trust CO purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $207,000. Cigna Investments Inc. New purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $209,000. Finally, Signition LP purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $215,000. Institutional investors own 76.31% of the company’s stock.

Several brokerages have recently commented on CW. Zacks Investment Research downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Wells Fargo & Co raised shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Tuesday, January 16th. Robert W. Baird began coverage on shares of Curtiss-Wright in a research note on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price objective for the company. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $133.29.

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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.

Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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