Curtiss-Wright Co. (NYSE:CW) VP Sells $48,160.68 in Stock

Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $331.30 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1-year low of $242.52 and a 1-year high of $393.40. The company has a market capitalization of $12.48 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15. The firm’s 50 day simple moving average is $338.23 and its two-hundred day simple moving average is $345.29.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. Research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CW. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the stock. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright in the fourth quarter worth $31,000. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at $49,000. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright during the third quarter valued at $53,000. Finally, UMB Bank n.a. raised its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other 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.