Insider Selling: Curtiss-Wright Corp. (NYSE:CW) CEO Sells 17,414 Shares of Stock

Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 17,414 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $135.00, for a total transaction of $2,350,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Charles Adams also recently made the following trade(s):

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  • On Thursday, February 8th, David Charles Adams sold 13,051 shares of Curtiss-Wright stock. The stock was sold at an average price of $120.44, for a total transaction of $1,571,862.44.

Shares of CW stock traded up $3.54 on Friday, hitting $135.07. 167,035 shares of the company’s stock traded hands, compared to its average volume of 206,389. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.73 and a current ratio of 2.37. Curtiss-Wright Corp. has a one year low of $82.77 and a one year high of $140.07. The firm has a market cap of $5,964.02, a P/E ratio of 26.85, a P/E/G ratio of 1.78 and a beta of 1.17.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.29. The business had revenue of $611.88 million during the quarter, compared to analysts’ expectations of $589.22 million. Curtiss-Wright had a net margin of 9.46% and a return on equity of 15.46%. analysts forecast that Curtiss-Wright Corp. will post 5.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.60 annualized dividend and a yield of 0.44%. Curtiss-Wright’s payout ratio is currently 11.93%.

A number of brokerages have recently commented on CW. Robert W. Baird began coverage on shares of Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Seaport Global Securities reaffirmed a “buy” rating and set a $150.00 target price on shares of Curtiss-Wright in a report on Monday, February 26th. Finally, Zacks Investment Research lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Curtiss-Wright has an average rating of “Buy” and a consensus price target of $137.63.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $5,856,000. Gotham Asset Management LLC boosted its position in Curtiss-Wright by 344.0% during the 4th quarter. Gotham Asset Management LLC now owns 25,032 shares of the aerospace company’s stock valued at $3,050,000 after buying an additional 19,394 shares during the period. Verition Fund Management LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $281,000. Zeke Capital Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $243,000. Finally, Millennium Management LLC boosted its position in Curtiss-Wright by 132.7% during the 4th quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock valued at $35,423,000 after buying an additional 165,803 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

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About Curtiss-Wright

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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