John C. Watts Sells 450 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

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

Curtiss-Wright Trading Up 1.0%

Shares of Curtiss-Wright stock traded up $4.27 during trading hours on Tuesday, hitting $447.49. The company's stock had a trading volume of 309,665 shares, compared to its average volume of 277,004. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $453.02. The business has a fifty day moving average of $358.20 and a 200 day moving average of $351.68. The company has a market capitalization of $16.85 billion, a PE ratio of 42.42, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

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

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.21%. Curtiss-Wright's payout ratio is 8.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CW. Vanguard Group Inc. raised its position in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after buying an additional 15,890 shares in the last quarter. Invesco Ltd. raised its position in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Curtiss-Wright

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.