Insider Selling: Curtiss-Wright Co. (NYSE:CW) VP Sells $48,160.68 in Stock

Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald sold 148 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Curtiss-Wright Stock Down 1.2 %

NYSE CW opened at $327.14 on Friday. The stock has a 50 day moving average price of $337.75 and a 200-day moving average price of $345.16. Curtiss-Wright Co. has a one year low of $245.69 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $12.32 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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, equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Curtiss-Wright during the 4th quarter valued at approximately $201,856,000. William Blair Investment Management LLC bought a new position in Curtiss-Wright during the fourth quarter valued at $132,626,000. TimesSquare Capital Management LLC raised its stake in shares of Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after acquiring an additional 166,672 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after acquiring an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after purchasing an additional 160,395 shares during the period. 82.71% of the stock is owned by institutional investors.

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.