Curtiss-Wright Co. (NYSE:CW) Director Bruce D. Hoechner Sells 1,900 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) Director Bruce D. Hoechner sold 1,900 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director now owns 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Curtiss-Wright Stock Up 1.0%

CW opened at $453.36 on Friday. The business’s fifty day simple moving average is $368.49 and its 200 day simple moving average is $354.29. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $455.22. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17.07 billion, a PE ratio of 42.97, a P/E/G ratio of 2.48 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 EPS. As a group, research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio (DPR) is 8.54%.

Institutional Trading of Curtiss-Wright

Institutional investors have recently modified their holdings of the company. YANKCOM Partnership bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at $35,000. Whipplewood Advisors LLC increased its position in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC purchased a new position in Curtiss-Wright during the 1st quarter valued at $32,000. Finally, Ancora Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth $49,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $404.29.

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.