Lynn Bamford Sells 2,500 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $758.21 on Friday. The company has a 50 day simple moving average of $725.74 and a two-hundred day simple moving average of $663.78. The stock has a market cap of $28.01 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 3.33 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12 month low of $458.74 and a 12 month high of $763.99.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. As a group, analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.03%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup lifted their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $746.67.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares in the last quarter. Signature Equity Partners LLC grew its position in shares of Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 35 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

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.