David Charles Adams Sells 17,000 Shares of Curtiss-Wright Corporation (NYSE:CW) Stock

Curtiss-Wright Corporation (NYSE:CW) CEO David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the completion of the transaction, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curtiss-Wright Corporation (NYSE:CW) opened at $118.46 on Wednesday. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $120.54. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5,218.74, a P/E ratio of 24.74, a P/E/G ratio of 2.01 and a beta of 1.25.

Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The firm had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts predict that Curtiss-Wright Corporation will post 4.75 EPS for the current fiscal year.

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

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Several equities analysts have weighed in on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright Corporation in a research report on Friday, October 27th. Bank of America Corporation raised shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Monday, October 30th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Wells Fargo & Company boosted their target price on shares of Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Curtiss-Wright Corporation has an average rating of “Buy” and a consensus price target of $126.67.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Curtiss-Wright Corporation by 0.6% during the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock worth $470,833,000 after acquiring an additional 30,422 shares in the last quarter. State Street Corp grew its position in Curtiss-Wright Corporation by 5.8% in the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after purchasing an additional 97,137 shares in the last quarter. Boston Partners grew its position in Curtiss-Wright Corporation by 44.8% in the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after purchasing an additional 421,332 shares in the last quarter. Northern Trust Corp grew its position in Curtiss-Wright Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after purchasing an additional 17,769 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Curtiss-Wright Corporation by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock valued at $98,612,000 after acquiring an additional 4,064 shares during the last quarter. 78.06% of the stock is owned by institutional investors.

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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