K Christopher Farkas Acquires 51 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas acquired 51 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average price of $232.62 per share, with a total value of $11,863.62. Following the completion of the transaction, the chief financial officer now owns 9,223 shares of the company’s stock, valued at approximately $2,145,454.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $2.06 on Friday, hitting $270.19. The company’s stock had a trading volume of 88,956 shares, compared to its average volume of 200,219. Curtiss-Wright Co. has a 1 year low of $181.38 and a 1 year high of $286.65. The company has a 50-day simple moving average of $273.59 and a 200 day simple moving average of $248.69. The company has a market capitalization of $10.35 billion, a PE ratio of 28.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter in the previous year, the business posted $1.53 EPS. Curtiss-Wright’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts forecast that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.84 annualized dividend and a dividend yield of 0.31%. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors have recently bought and sold shares of CW. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares during the last quarter. Boston Partners raised its holdings in Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Curtiss-Wright by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock valued at $139,427,000 after acquiring an additional 2,784 shares during the period. Norges Bank purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $113,885,000. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley lifted their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Truist Financial upped their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Finally, Stifel Nicolaus lifted their target price on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $302.50.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.