Insider Selling: Curtiss-Wright Co. (NYSE:CW) CEO Sells 3,131 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 3,131 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Curtiss-Wright Stock Down 1.5 %

Shares of CW stock opened at $323.81 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $241.44 and a twelve month high of $393.40. The stock has a 50 day moving average of $338.64 and a 200 day moving average of $345.39. The stock has a market cap of $12.19 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Curtiss-Wright by 6.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock worth $2,254,000 after buying an additional 405 shares during the period. Park Square Financial Group LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Curtiss-Wright during the fourth quarter worth $14,004,000. Ascent Group LLC grew its position in shares of Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 33 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of Curtiss-Wright by 95.2% during the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Finally, Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

About Curtiss-Wright

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.