Insider Selling: Curtiss-Wright (NYSE:CW) CEO Sells $2,182,357.50 in Stock

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 3,225 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the sale, the chief executive officer directly owned 50,634 shares in the company, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $671.17 on Friday. The company has a market capitalization of $24.75 billion, a PE ratio of 52.15, a P/E/G ratio of 3.37 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The firm has a fifty day simple moving average of $673.13 and a 200 day simple moving average of $591.64.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the firm posted $3.27 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Citigroup increased their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently modified their holdings of CW. Transamerica Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares in the last quarter. IFP Advisors Inc lifted its holdings in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 16 shares during the period. Summit Financial LLC lifted its holdings in Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after acquiring an additional 16 shares during the period. Clearstead Advisors LLC boosted its position in Curtiss-Wright by 1.6% in the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares during the last quarter. Institutional investors 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.