Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 4,319 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $139.95, for a total transaction of $604,444.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
David Charles Adams also recently made the following trade(s):
- On Thursday, September 5th, David Charles Adams sold 6,439 shares of Curtiss-Wright stock. The shares were sold at an average price of $125.00, for a total transaction of $804,875.00.
- On Friday, August 16th, David Charles Adams sold 7,608 shares of Curtiss-Wright stock. The shares were sold at an average price of $120.11, for a total transaction of $913,796.88.
CW opened at $139.48 on Friday. The company has a fifty day moving average price of $129.55 and a two-hundred day moving average price of $123.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.19. Curtiss-Wright Corp. has a 52 week low of $95.23 and a 52 week high of $140.84. The firm has a market capitalization of $5.89 billion, a PE ratio of 21.90, a P/E/G ratio of 2.32 and a beta of 1.18.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 30th. The aerospace company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.12. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. The firm had revenue of $614.88 million during the quarter, compared to analyst estimates of $624.15 million. During the same quarter in the previous year, the business earned $1.70 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corp. will post 7.19 EPS for the current year.
The firm also recently announced a — dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.17 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 2nd. Curtiss-Wright’s dividend payout ratio is presently 10.68%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in Curtiss-Wright during the 2nd quarter worth $35,000. Carroll Financial Associates Inc. acquired a new stake in Curtiss-Wright during the 2nd quarter worth $38,000. Old North State Trust LLC acquired a new stake in Curtiss-Wright during the 3rd quarter worth $55,000. Steward Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $60,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Curtiss-Wright during the 2nd quarter worth $94,000. 77.96% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. ValuEngine cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. UBS Group boosted their price objective on shares of Curtiss-Wright from $134.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus set a $150.00 price objective on shares of Curtiss-Wright and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $141.80.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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