Insider Selling: Curtiss-Wright Corp. (CW) CFO Sells $408,452.88 in Stock

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Curtiss-Wright Corp. (NYSE:CW) CFO Glenn E. Tynan sold 3,553 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $114.96, for a total value of $408,452.88. Following the completion of the sale, the chief financial officer now directly owns 58,353 shares of the company’s stock, valued at $6,708,260.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Curtiss-Wright stock opened at $116.41 on Monday. Curtiss-Wright Corp. has a 12 month low of $95.23 and a 12 month high of $143.38. The stock has a market cap of $5.10 billion, a P/E ratio of 23.14, a PEG ratio of 1.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.25 and a quick ratio of 1.53.

Curtiss-Wright declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 11.93%.

Institutional investors have recently made changes to their positions in the stock. FMR LLC purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $103,000. Sageworth Trust Co boosted its holdings in Curtiss-Wright by 1,075.0% during the 3rd quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock valued at $161,000 after acquiring an additional 1,075 shares during the period. First Republic Investment Management Inc. purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $205,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Curtiss-Wright by 11.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,113 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 210 shares during the period. Finally, Creative Planning purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $222,000. Institutional investors own 75.45% of the company’s stock.

A number of analysts recently issued reports on CW shares. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday, October 30th. Stifel Nicolaus set a $120.00 price objective on Curtiss-Wright and gave the stock a “hold” rating in a research report on Thursday, November 1st. SunTrust Banks cut their price objective on Curtiss-Wright to $148.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Bank of America cut their price objective on Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Finally, ValuEngine downgraded Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $133.57.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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

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