K Christopher Farkas Sells 922 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 922 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total transaction of $300,083.34. Following the completion of the transaction, the chief financial officer now owns 14,033 shares of the company’s stock, valued at approximately $4,567,320.51. This represents a 6.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

K Christopher Farkas also recently made the following trade(s):

• On Wednesday, February 5th, K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $331.30 on Thursday. Curtiss-Wright Co. has a 52 week low of $242.52 and a 52 week high of $393.40. The firm has a market cap of $12.48 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business’s fifty day moving average is $338.23 and its two-hundred day moving average is $345.29.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping 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%. Equities research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CW. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Curtiss-Wright by 20.6% during the third quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock worth $12,248,000 after acquiring an additional 6,368 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Curtiss-Wright during the 3rd quarter worth about $542,000. KBC Group NV lifted its position in Curtiss-Wright by 8.6% during the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 81 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 37 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds 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.