Curtiss-Wright Co. (NYSE:CW) VP Sells $625,000.00 in Stock

Curtiss-Wright Co. (NYSE:CWGet Free Report) VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Curtiss-Wright Trading Up 0.9 %

CW opened at $253.54 on Thursday. The company’s 50 day moving average is $235.07 and its 200-day moving average is $218.36. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $253.71. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The company has a market cap of $9.71 billion, a P/E ratio of 27.56 and a beta of 1.17.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $2.92 EPS. Equities research analysts predict that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CW. American Century Companies Inc. raised its holdings in Curtiss-Wright by 16.9% in the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after buying an additional 593 shares during the last quarter. US Bancorp DE raised its holdings in Curtiss-Wright by 15.4% during the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock worth $849,000 after purchasing an additional 756 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Curtiss-Wright by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after purchasing an additional 121 shares during the last quarter. Acadian Asset Management LLC bought a new position in Curtiss-Wright during the 1st quarter worth approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Curtiss-Wright by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after purchasing an additional 1,371 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CW. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Truist Financial restated a “hold” rating and issued a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.00.

View Our Latest Stock Analysis on CW

About Curtiss-Wright

(Get Free Report)

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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