Gary Ogilby Sells 148 Shares of Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) VP Gary Ogilby sold 148 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $678.30, for a total transaction of $100,388.40. Following the sale, the vice president owned 2,823 shares in the company, valued at $1,914,840.90. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curtiss-Wright Trading Up 1.4%

Curtiss-Wright stock traded up $9.76 during midday trading on Wednesday, reaching $689.34. The stock had a trading volume of 267,829 shares, compared to its average volume of 301,106. The firm’s fifty day simple moving average is $667.50 and its two-hundred day simple moving average is $588.88. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 3.33 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.27 EPS. Equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors raised its position in Curtiss-Wright by 118.7% during the fourth quarter. World Investment Advisors now owns 842 shares of the aerospace company’s stock valued at $464,000 after acquiring an additional 457 shares in the last quarter. Corient Private Wealth LLC grew its position in Curtiss-Wright by 3.4% in the fourth quarter. Corient Private Wealth LLC now owns 6,705 shares of the aerospace company’s stock worth $3,701,000 after acquiring an additional 221 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Curtiss-Wright by 53.6% during the 4th quarter. Hsbc Holdings PLC now owns 33,414 shares of the aerospace company’s stock worth $18,608,000 after purchasing an additional 11,660 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Curtiss-Wright during the 4th quarter worth $42,000. Finally, DGS Capital Management LLC raised its holdings in shares of Curtiss-Wright by 8.2% during the 4th quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $663.17.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.