Curtiss-Wright (NYSE:CW) CFO K Christopher Farkas Sells 2,665 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the transaction, the chief financial officer owned 7,358 shares in the company, valued at approximately $4,608,536.14. The trade was a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Curtiss-Wright Stock Down 0.8%

NYSE CW opened at $620.08 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $683.09. The stock has a market cap of $22.87 billion, a PE ratio of 50.54, a PEG ratio of 2.85 and a beta of 0.93. The firm has a 50-day simple moving average of $594.52 and a 200 day simple moving average of $548.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter in the prior year, the firm posted $2.89 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

CW has been the topic of a number of recent research reports. Stifel Nicolaus set a $625.00 price objective on Curtiss-Wright in a report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 price objective on Curtiss-Wright in a report on Friday, January 9th. Citigroup upped their target price on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $612.33.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in shares of Curtiss-Wright during the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth $29,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $34,000. Institutional investors own 82.71% of the company’s stock.

More Curtiss-Wright News

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.