Curtiss-Wright Co. (NYSE:CW) CFO Sells $300,083.34 in Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 922 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the transaction, the chief financial officer now directly owns 14,033 shares of the company’s stock, valued at approximately $4,567,320.51. This represents a 6.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

K Christopher Farkas also recently made the following trade(s):

• On Wednesday, February 5th, K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock. The shares were sold at an average price of $347.00, for a total value of $851,191.00.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $5.08 during trading hours on Tuesday, reaching $323.81. The company had a trading volume of 324,932 shares, compared to its average volume of 250,042. Curtiss-Wright Co. has a one year low of $241.44 and a one year high of $393.40. The business has a fifty day simple moving average of $339.13 and a 200 day simple moving average of $345.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market cap of $12.19 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

Large investors have recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in Curtiss-Wright during the fourth quarter valued at $31,000. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at $49,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter valued at $53,000. Finally, Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter valued at $59,000. Institutional investors own 82.71% of the company’s stock.

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.