Insider Selling: Curtiss-Wright Corporation (NYSE:CW) VP Sells 2,651 Shares of Stock

Curtiss-Wright Corporation (NYSE:CW) VP Paul J. Ferdenzi sold 2,651 shares of Curtiss-Wright Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $115.00, for a total transaction of $304,865.00. Following the completion of the transaction, the vice president now owns 19,835 shares in the company, valued at $2,281,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Curtiss-Wright Corporation (NYSE CW) traded down $1.08 during mid-day trading on Friday, reaching $118.23. 183,100 shares of the company were exchanged, compared to its average volume of 250,385. The stock has a market capitalization of $5,217.37, a P/E ratio of 24.73, a P/E/G ratio of 2.01 and a beta of 1.25. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $120.54. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.

Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings data 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 the consensus estimate of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share. analysts predict that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio is 12.45%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC lifted its holdings in shares of Curtiss-Wright Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Curtiss-Wright Corporation by 1.2% in the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Curtiss-Wright Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 46 shares in the last quarter. Oakbrook Investments LLC lifted its holdings in shares of Curtiss-Wright Corporation by 1.6% in the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Curtiss-Wright Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after purchasing an additional 100 shares in the last quarter. 76.45% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Stifel Nicolaus assumed coverage on shares of Curtiss-Wright Corporation in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 target price on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 target price on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $126.67.

About Curtiss-Wright Corporation

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.

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

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