Curtiss-Wright Corporation (NYSE:CW) VP Glenn E. Tynan sold 4,353 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total value of $512,522.22. Following the completion of the transaction, the vice president now directly owns 62,278 shares in the company, valued at approximately $7,332,611.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded down $0.97 during trading hours on Friday, reaching $118.29. The company had a trading volume of 349,838 shares, compared to its average volume of 247,343. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $120.54. The company has a market cap of $5,260.00, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.02 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The firm had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. During the same period last year, the business posted $1.02 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. equities analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. Curtiss-Wright Corporation’s payout ratio is currently 12.35%.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Curtiss-Wright Corporation by 0.6% in the 2nd quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after buying an additional 30,422 shares during the period. State Street Corp lifted its position in Curtiss-Wright Corporation by 5.8% in the 2nd quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after acquiring an additional 97,137 shares in the last quarter. Boston Partners lifted its position in Curtiss-Wright Corporation by 44.8% in the 3rd quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after acquiring an additional 421,332 shares in the last quarter. Northern Trust Corp lifted its position in Curtiss-Wright Corporation by 1.5% in the 2nd quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after acquiring an additional 17,769 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Curtiss-Wright Corporation by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock valued at $98,612,000 after acquiring an additional 4,064 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.
A number of equities research analysts recently issued reports on CW shares. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright Corporation in a research report on Friday, October 27th. Bank of America Corporation raised Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday, October 30th. Wells Fargo & Company upped their target price on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Stifel Nicolaus upped their target price on Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright Corporation in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $126.67.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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