Curtiss-Wright Co. (NYSE:CW - Get Free Report) VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company's stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Curtiss-Wright Price Performance
CW stock opened at $323.81 on Wednesday. The business has a 50 day moving average price of $338.64 and a 200 day moving average price of $345.39. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a fifty-two week low of $241.44 and a fifty-two week high of $393.40. 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 posted 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 return on equity of 17.11% and a net margin of 12.98%. Equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.
Institutional Investors Weigh In On Curtiss-Wright
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Victory Capital Management Inc. lifted its stake in 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 buying an additional 6,368 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $542,000. KBC Group NV lifted its stake in 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 buying an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in 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 buying an additional 37 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in 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 buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective for the company. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $386.86.
View Our Latest Stock Report on Curtiss-Wright
About Curtiss-Wright
(
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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.
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