Insider Selling: Curtiss-Wright (NYSE:CW) CFO Sells 918 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. The trade was a 14.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

K Christopher Farkas also recently made the following trade(s):

• On Wednesday, February 4th, K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $9.76 during midday trading on Wednesday, hitting $689.34. 267,829 shares of the company traded hands, compared to its average volume of 301,106. The firm’s fifty day moving average price is $667.50 and its 200-day moving average price is $588.88. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 3.33 and a beta of 0.91. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the prior year, the firm earned $3.27 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is presently 7.46%.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 21 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CW. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Citigroup increased their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

About Curtiss-Wright

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.