Curtiss-Wright (NYSE:CW) CEO Lynn Bamford Sells 9,327 Shares

Curtiss-Wright Corporation (NYSE:CW) CEO Lynn Bamford sold 9,327 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total value of $5,842,899.15. Following the transaction, the chief executive officer owned 46,192 shares of the company’s stock, valued at approximately $28,936,978.40. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Curtiss-Wright Trading Down 0.8%

Shares of CW stock opened at $620.08 on Friday. The firm has a market capitalization of $22.87 billion, a P/E ratio of 50.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $683.09. The firm’s fifty day simple moving average is $594.52 and its 200 day simple moving average is $548.80. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period last year, the business posted $2.89 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 7.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CW shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a research note on Friday, January 23rd. Citigroup lifted their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $612.33.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $270,731,000. Norges Bank bought a new stake in shares of Curtiss-Wright during the second quarter worth approximately $241,537,000. Munro Partners acquired a new position in Curtiss-Wright in the second quarter valued at approximately $78,000,000. AQR Capital Management LLC boosted its stake in Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after acquiring an additional 122,048 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Curtiss-Wright during the 3rd quarter worth $62,320,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright News Summary

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Zacks notes Wall Street expects earnings growth for Curtiss‑Wright ahead of its next report — that raises the chance of an earnings beat and gives fundamental support to the stock. Zacks Preview
• Neutral Sentiment: Curtiss‑Wright declared a $0.24 quarterly dividend (payable April 13, record March 26) — a routine cash return but small (≈0.2% yield) so unlikely to materially move the stock by itself. BusinessWire Dividend Release
• Negative Sentiment: Major insider selling by top executives is the clearest negative catalyst — CEO Lynn Bamford sold 9,327 shares (~$5.84M), CFO K. Christopher Farkas sold 2,665 shares (~$1.67M), COO Kevin Rayment sold 2,634 shares (~$1.65M), multiple VPs/EVPs also sold smaller lots; several sales were disclosed Feb. 4–5 and trimmed senior ownership by double-digit percentages in some cases. That concentrated, high-dollar selling is likely pressuring sentiment and the stock today. TipRanks Insider Report

Curtiss-Wright Company Profile

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.