Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 25,655 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $86.26, for a total transaction of $2,213,000.30. Following the sale, the chief executive officer now owns 113,161 shares of the company’s stock, valued at $9,761,267.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Curtiss-Wright Corp. (NYSE:CW) opened at 86.39 on Friday. The stock’s 50 day moving average is $88.95 and its 200-day moving average is $84.30. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 22.49 and a beta of 1.27. Curtiss-Wright Corp. has a 12 month low of $62.57 and a 12 month high of $92.08.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The business had revenue of $532.80 million for the quarter, compared to analyst estimates of $523.84 million. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. Curtiss-Wright Corp.’s payout ratio is 13.58%.
Several large investors have recently modified their holdings of CW. Public Employees Retirement System of Ohio raised its stake in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares during the last quarter. Amalgamated Bank raised its stake in shares of Curtiss-Wright Corp. by 1.6% in the second quarter. Amalgamated Bank now owns 5,391 shares of the company’s stock valued at $483,000 after buying an additional 87 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of Curtiss-Wright Corp. by 2.9% in the second quarter. Oakbrook Investments LLC now owns 3,600 shares of the company’s stock valued at $303,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Curtiss-Wright Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock valued at $1,508,000 after buying an additional 100 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Curtiss-Wright Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 14,561 shares of the company’s stock valued at $1,227,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Curtiss-Wright Corp. from a “hold” rating to a “sell” rating in a report on Monday. William Blair assumed coverage on shares of Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price target for the company.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
Receive News & Ratings for Curtiss-Wright Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corp. and related companies with MarketBeat.com's FREE daily email newsletter.