Insider Selling: Curtiss-Wright (NYSE:CW) VP Sells $173,663.28 in Stock

Curtiss-Wright Corporation (NYSE:CW) VP Gary Ogilby sold 252 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the transaction, the vice president owned 2,571 shares of the company’s stock, valued at approximately $1,771,778.94. This trade represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Curtiss-Wright Price Performance

CW stock opened at $671.17 on Friday. The company has a market capitalization of $24.75 billion, a P/E ratio of 52.15, a PEG ratio of 3.27 and a beta of 0.91. The company has a fifty day moving average price of $673.13 and a 200-day moving average price of $592.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. Curtiss-Wright’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 earnings per share. As a group, equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is 7.46%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CW shares. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.