David Charles Adams Sells 17,000 Shares of Curtiss-Wright Corporation (CW) Stock
Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the transaction, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Curtiss-Wright Corporation (NYSE CW) opened at $119.80 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The stock has a market capitalization of $5,286.65, a P/E ratio of 25.06, a P/E/G ratio of 2.04 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The firm had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. equities analysts anticipate that Curtiss-Wright Corporation will post 4.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.50%. Curtiss-Wright Corporation’s dividend payout ratio is 12.45%.
A number of analysts have recently commented on CW shares. Wells Fargo & Company boosted their price target on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research cut Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price target on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $126.67.
A number of hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its position in Curtiss-Wright Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 18 shares in the last quarter. World Asset Management Inc lifted its position in Curtiss-Wright Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 33 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Curtiss-Wright Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 46 shares in the last quarter. Oakbrook Investments LLC lifted its position in Curtiss-Wright Corporation by 1.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in Curtiss-Wright Corporation by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after acquiring an additional 100 shares in the last quarter. 76.41% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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