Curtiss-Wright (NYSE:CW) COO Sells $614,383.66 in Stock

Curtiss-Wright Corporation (NYSE:CW) COO Kevin Rayment sold 907 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer directly owned 31,493 shares in the company, valued at $21,332,728.34. This trade represents a 2.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kevin Rayment also recently made the following trade(s):

• On Wednesday, February 4th, Kevin Rayment sold 2,634 shares of Curtiss-Wright stock. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22.

Curtiss-Wright Stock Up 1.4%

CW stock traded up $9.76 during trading on Wednesday, reaching $689.34. 267,829 shares of the company traded hands, compared to its average volume of 301,106. The business has a 50 day simple moving average of $667.50 and a 200 day simple moving average of $588.88. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 3.33 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period in the previous year, the company posted $3.27 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently modified their holdings of the business. Transamerica Financial Advisors LLC increased its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Curtiss-Wright by 2.3% in the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after acquiring an additional 16 shares in the last quarter. Summit Financial LLC increased its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CW shares. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.