Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald Sells 148 Shares

Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald sold 148 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 $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $5.08 during midday trading on Tuesday, reaching $323.81. The company had a trading volume of 324,932 shares, compared to its average volume of 250,042. The company has a market capitalization 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. Curtiss-Wright Co. has a 12-month low of $241.44 and a 12-month high of $393.40. The firm’s fifty day simple moving average is $339.13 and its 200-day simple moving average is $345.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CW shares. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Finally, Truist Financial increased 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Curtiss-Wright by 6.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock valued at $2,254,000 after acquiring an additional 405 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $14,004,000. Ascent Group LLC raised its holdings in Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 33 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Curtiss-Wright by 95.2% in the 4th quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock valued at $314,000 after acquiring an additional 432 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.