Curtiss-Wright Co. (NYSE:CW) Chairman David Charles Adams Sells 2,500 Shares


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Curtiss-Wright Co. (NYSE:CW) Chairman David Charles Adams sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the completion of the transaction, the chairman now owns 61,240 shares in the company, valued at $7,655,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Charles Adams also recently made the following trade(s):

  • On Tuesday, March 16th, David Charles Adams sold 3,201 shares of Curtiss-Wright stock. The stock was sold at an average price of $120.38, for a total transaction of $385,336.38.
  • On Friday, February 5th, David Charles Adams sold 4,005 shares of Curtiss-Wright stock. The shares were sold at an average price of $113.35, for a total value of $453,966.75.

Shares of NYSE CW opened at $122.84 on Thursday. Curtiss-Wright Co. has a one year low of $81.72 and a one year high of $125.31. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.01 and a beta of 1.52. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $117.95 and a 200 day simple moving average of $110.08.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Tuesday, February 23rd. The aerospace company reported $2.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.05. The firm had revenue of $668.44 million during the quarter, compared to analyst estimates of $672.07 million. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%. On average, research analysts anticipate that Curtiss-Wright Co. will post 6.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 16th. Investors of record on Tuesday, March 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 9.35%.

Several brokerages recently weighed in on CW. Robert W. Baird downgraded Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 target price for the company. in a research note on Thursday, January 7th. Zacks Investment Research downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 price objective on the stock. in a research note on Tuesday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $123.40.

A number of large investors have recently made changes to their positions in CW. Primecap Management Co. CA raised its stake in Curtiss-Wright by 2.2% during the fourth quarter. Primecap Management Co. CA now owns 1,714,790 shares of the aerospace company’s stock worth $199,516,000 after acquiring an additional 36,217 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Curtiss-Wright by 4,746.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,011,715 shares of the aerospace company’s stock worth $5,612,000 after purchasing an additional 990,839 shares during the last quarter. Natural Investments LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth about $115,104,000. Dimensional Fund Advisors LP boosted its position in Curtiss-Wright by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 645,986 shares of the aerospace company’s stock valued at $75,161,000 after buying an additional 4,339 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Curtiss-Wright by 161.6% during the fourth quarter. Clearbridge Investments LLC now owns 614,237 shares of the aerospace company’s stock worth $71,467,000 after buying an additional 379,419 shares during the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corp. is a manufacturing and service company, which engages in the design, manufacture and overhaul of precision components; and provides engineered products & services to the aerospace, defense, power generation and general industrial markets. It operates through the following segments: Commercial/Industrial, Defense, and Power.

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