John Watts Sells 288 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) EVP John Watts sold 288 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the transaction, the executive vice president directly owned 3,188 shares in the company, valued at $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curtiss-Wright Price Performance

CW stock opened at $606.08 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The firm has a market capitalization of $22.35 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The business has a 50 day simple moving average of $560.87 and a 200-day simple moving average of $527.05.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC boosted its holdings in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Curtiss-Wright by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 18 shares in the last quarter. Huntington National Bank boosted its stake in shares of Curtiss-Wright by 9.5% in the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 18 shares during the period. Larson Financial Group LLC boosted its stake in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Curtiss-Wright by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 22 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $596.50.

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.