Insider Selling: Curtiss-Wright (NYSE:CW) VP Sells 1,110 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) VP John Watts sold 1,110 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Curtiss-Wright Stock Performance

CW opened at $484.1850 on Friday. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $517.09. The firm has a market capitalization of $18.24 billion, a PE ratio of 40.86, a PEG ratio of 2.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The business’s 50-day simple moving average is $484.14 and its 200 day simple moving average is $399.21.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.67 earnings per share. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CW. Stifel Nicolaus increased their target price on Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Robert W. Baird increased their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $468.14.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in Curtiss-Wright by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after buying an additional 22 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Curtiss-Wright by 0.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock worth $5,840,000 after buying an additional 30 shares during the period. Huntington National Bank lifted its holdings in Curtiss-Wright by 20.3% during the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock worth $93,000 after buying an additional 32 shares during the period. Ascent Group LLC lifted its holdings in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after buying an additional 33 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Curtiss-Wright by 1.6% during the 4th 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 during the period. Institutional investors own 82.71% of the company’s stock.

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.