Insider Selling: Curtiss-Wright Co. (NYSE:CW) VP Sells 450 Shares of Stock

Curtiss-Wright Co. (NYSE:CW - Get Free Report) VP John C. Watts sold 450 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president now owns 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Curtiss-Wright Trading Down 0.3%

CW stock traded down $1.17 during mid-day trading on Friday, reaching $439.79. The company's stock had a trading volume of 440,285 shares, compared to its average volume of 276,748. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $453.02. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The business's 50 day moving average price is $355.93 and its 200 day moving average price is $351.15. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 41.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.99 earnings per share. On average, equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus decreased their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Truist Financial dropped their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $404.29.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently bought and sold shares of CW. Envestnet Portfolio Solutions Inc. increased its position in shares of Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares in the last quarter. Ascent Group LLC boosted its position in shares of Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after buying an additional 33 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after buying an additional 34 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

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.