Insider Selling: Curtiss-Wright Co. (NYSE:CW) CEO Sells 3,131 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 3,131 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the sale, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Curtiss-Wright Price Performance

CW traded down $5.08 on Tuesday, hitting $323.81. 324,932 shares of the company were exchanged, compared to its average volume of 250,042. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business’s fifty day moving average is $339.13 and its 200 day moving average is $345.33. Curtiss-Wright Co. has a fifty-two week low of $241.44 and a fifty-two week high of $393.40. The firm has a market capitalization of $12.19 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Institutional Trading of Curtiss-Wright

Several large investors have recently modified their holdings of CW. Victory Capital Management Inc. grew its position in shares of Curtiss-Wright by 20.6% in the third quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock valued at $12,248,000 after purchasing an additional 6,368 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $542,000. KBC Group NV grew its position in shares of Curtiss-Wright by 8.6% in the third quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 37 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Curtiss-Wright by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 37 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.