Curtiss-Wright (NYSE:CW) EVP Sells $641,141.10 in Stock

Key Points

• Curtiss-Wright EVP John Watts sold 1,035 shares at an average price of $619.46, generating $641,141.10 and reducing his direct holdings by 27.45% to 2,736 shares.
• CW shares fell $13.76 to $605.70, while the company reported quarterly EPS of $3.72, exceeding estimates by $0.10; revenue rose 5.4% year over year to $924.01 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $782.50, while institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) EVP John Watts sold 1,035 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company's stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $13.76 during trading hours on Thursday, reaching $605.70. The stock had a trading volume of 282,811 shares, compared to its average volume of 294,434. The firm has a market capitalization of $22.37 billion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The firm has a 50-day simple moving average of $725.45 and a 200-day simple moving average of $715.74. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.23 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.28 earnings per share for the current year.

Institutional Trading of Curtiss-Wright

Hedge funds and other institutional investors have recently modified their holdings of the company. Amundi raised its position in Curtiss-Wright by 47.6% in the second quarter. Amundi now owns 154,668 shares of the aerospace company's stock worth $117,201,000 after acquiring an additional 49,907 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Curtiss-Wright by 96,633.6% during the 2nd quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company's stock valued at $30,950,540,000 after purchasing an additional 40,802,556 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Curtiss-Wright by 27.6% in the 2nd quarter. Wedmont Private Capital now owns 702 shares of the aerospace company's stock worth $530,000 after purchasing an additional 152 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Curtiss-Wright by 4.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,221 shares of the aerospace company's stock worth $925,000 after purchasing an additional 52 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $1,356,000. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Citigroup upped their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $782.50.

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.

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