Insider Selling: Curtiss-Wright Co. (NYSE:CW) CEO Sells $1,018,858.71 in Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $327.14 on Friday. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business’s 50 day simple moving average is $337.75 and its 200-day simple moving average is $345.16. Curtiss-Wright Co. has a 12 month low of $245.69 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently modified their holdings of CW. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth $35,000. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at $49,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the third quarter valued at $53,000. Finally, Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the 3rd quarter worth about $59,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CW shares. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.