Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the transaction, the chief executive officer now directly owns 70,570 shares in the company, valued at $8,400,652.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Curtiss-Wright Corporation (NYSE:CW) opened at $118.26 on Tuesday. The firm has a market cap of $5,217.42, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $120.54. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.
Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The business had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. equities research analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s payout ratio is 12.45%.
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CW has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Thursday, August 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. SunTrust Banks, Inc. restated a “buy” rating and issued a $128.00 price objective on shares of Curtiss-Wright Corporation in a report on Friday, October 20th. Bank of America Corporation raised shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Monday, October 30th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $126.67.
Several large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Curtiss-Wright Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in Curtiss-Wright Corporation by 93.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after buying an additional 7,970 shares during the period. Burney Co. acquired a new stake in Curtiss-Wright Corporation during the 2nd quarter worth about $203,000. Magnetar Financial LLC acquired a new stake in Curtiss-Wright Corporation during the 3rd quarter worth about $203,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Curtiss-Wright Corporation during the 3rd quarter worth about $212,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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