Curtiss-Wright (NYSE:CW – Get Rating) issued its quarterly earnings results on Wednesday. The aerospace company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.20 by $0.11, MarketWatch Earnings reports. Curtiss-Wright had a net margin of 10.06% and a return on equity of 15.30%. The business had revenue of $559.46 million for the quarter, compared to analysts’ expectations of $579.97 million. During the same quarter last year, the company posted $1.51 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Curtiss-Wright updated its FY22 guidance to $8.05-8.25 EPS.
Shares of NYSE:CW traded up $4.01 during trading hours on Friday, hitting $141.51. The stock had a trading volume of 417,279 shares, compared to its average volume of 171,004. The stock’s fifty day simple moving average is $150.16 and its 200 day simple moving average is $139.84. Curtiss-Wright has a 1-year low of $111.26 and a 1-year high of $162.98. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 22.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.78.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.51%. Curtiss-Wright’s payout ratio is currently 11.65%.
In related news, Chairman David Charles Adams sold 4,262 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $137.25, for a total transaction of $584,959.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Paul J. Ferdenzi sold 962 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $137.25, for a total transaction of $132,034.50. The disclosure for this sale can be found here. Insiders sold 24,335 shares of company stock worth $3,566,091 in the last 90 days. 0.62% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CW. Weiss Multi Strategy Advisers LLC boosted its holdings in Curtiss-Wright by 159.0% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 25,904 shares of the aerospace company’s stock worth $3,592,000 after buying an additional 15,904 shares in the last quarter. Morgan Stanley boosted its stake in Curtiss-Wright by 15.5% in the 2nd quarter. Morgan Stanley now owns 107,753 shares of the aerospace company’s stock worth $12,797,000 after purchasing an additional 14,423 shares during the period. Jane Street Group LLC acquired a new position in Curtiss-Wright in the 3rd quarter worth approximately $963,000. Parametric Portfolio Associates LLC boosted its stake in Curtiss-Wright by 6.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 111,009 shares of the aerospace company’s stock worth $15,394,000 after purchasing an additional 6,622 shares during the period. Finally, Deutsche Bank AG boosted its stake in Curtiss-Wright by 24.8% in the 4th quarter. Deutsche Bank AG now owns 31,714 shares of the aerospace company’s stock worth $4,398,000 after purchasing an additional 6,301 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.
Curtiss-Wright Company Profile (Get Rating)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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