Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 6,439 shares of Curtiss-Wright stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $125.00, for a total value of $804,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, August 16th, David Charles Adams sold 7,608 shares of Curtiss-Wright stock. The shares were sold at an average price of $120.11, for a total value of $913,796.88.
  • On Wednesday, July 24th, David Charles Adams sold 7,000 shares of Curtiss-Wright stock. The stock was sold at an average price of $130.01, for a total value of $910,070.00.

Shares of NYSE:CW opened at $131.62 on Thursday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.19 and a beta of 1.20. Curtiss-Wright Corp. has a 1-year low of $95.23 and a 1-year high of $141.29. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $123.50 and a two-hundred day moving average price of $118.87.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.13. The firm had revenue of $639.00 million during the quarter, compared to analysts’ expectations of $642.66 million. Curtiss-Wright had a return on equity of 18.54% and a net margin of 11.90%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 EPS. As a group, equities analysts predict that Curtiss-Wright Corp. will post 7.12 EPS for the current year.

Curtiss-Wright announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 15th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 4.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Several analysts have weighed in on CW shares. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, July 15th. ValuEngine raised Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $141.80.

A number of large investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan grew its position in shares of Curtiss-Wright by 1.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,910 shares of the aerospace company’s stock worth $1,006,000 after buying an additional 80 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of Curtiss-Wright by 1.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 7,600 shares of the aerospace company’s stock worth $966,000 after buying an additional 100 shares during the period. Advisory Services Network LLC grew its position in shares of Curtiss-Wright by 14.0% during the 2nd quarter. Advisory Services Network LLC now owns 815 shares of the aerospace company’s stock worth $104,000 after buying an additional 100 shares during the period. US Bancorp DE grew its position in shares of Curtiss-Wright by 0.8% during the 1st quarter. US Bancorp DE now owns 12,401 shares of the aerospace company’s stock worth $1,407,000 after buying an additional 104 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Curtiss-Wright by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,517 shares of the aerospace company’s stock worth $1,985,000 after buying an additional 109 shares during the period. 77.91% of the stock is owned by hedge funds and other institutional investors.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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