Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford Sells 3,131 Shares of Stock

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

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $323.81 on Wednesday. Curtiss-Wright Co. has a 12 month low of $241.44 and a 12 month high of $393.40. The stock’s fifty day moving average price is $338.64 and its 200-day moving average price is $345.39. The firm has a market cap of $12.19 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

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

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Analysts Set New Price Targets

CW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $35,000. Ancora Advisors LLC purchased a new position in Curtiss-Wright during the 4th quarter worth $49,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter valued at about $53,000. Finally, Brooklyn Investment Group purchased a new stake in Curtiss-Wright in the third quarter valued at about $59,000. Institutional investors own 82.71% of the company’s stock.

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.