Insider Selling: Curtiss-Wright (NYSE:CW) Director Sells $59,674.00 in Stock

Key Points

• Director Larry Wyche sold 100 Curtiss-Wright shares for $59,674, reducing his direct ownership by 6.61% to 1,414 shares.
• CW shares fell 2.6% to $581.04, well below the 50-day and 200-day moving averages near $718, while the company maintains a $21.46 billion market capitalization.
• Curtiss-Wright exceeded quarterly EPS expectations, reporting $3.72 versus the $3.62 consensus, and analysts maintain a “Moderate Buy” consensus with an average price target of $782.50.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) Director Larry Wyche sold 100 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director directly owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Curtiss-Wright Trading Down 2.6%

CW stock traded down $15.33 on Monday, hitting $581.04. 660,295 shares of the company were exchanged, compared to its average volume of 296,757. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16. The business's fifty day moving average is $718.27 and its two-hundred day moving average is $715.04.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Citigroup raised their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Wall Street Zen downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $782.50.

Institutional Trading of Curtiss-Wright

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Curtiss-Wright during the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Curtiss-Wright in the 2nd quarter worth $30,000. Fiduciary Financial Advisors acquired a new position in Curtiss-Wright in the 2nd quarter worth $31,000. Elevation Wealth Partners LLC boosted its position in Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock valued at $41,000 after buying an additional 38 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

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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