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

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 922 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.47, for a total value of $300,083.34. Following the transaction, the chief financial officer now directly owns 14,033 shares of the company’s stock, valued at approximately $4,567,320.51. This represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $851,191.00.

Curtiss-Wright Trading Down 1.5 %

Shares of CW opened at $323.81 on Wednesday. Curtiss-Wright Co. has a fifty-two week low of $241.44 and a fifty-two week high of $393.40. The company has a market capitalization of $12.19 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The stock has a fifty day moving average of $338.64 and a two-hundred day moving average of $345.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced 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 dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Curtiss-Wright by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock worth $12,248,000 after purchasing an additional 6,368 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $542,000. KBC Group NV raised its holdings in Curtiss-Wright by 8.6% in the third quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after buying an additional 81 shares during the period. OneDigital Investment Advisors LLC lifted its position in Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after buying an additional 37 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Curtiss-Wright by 3.5% during the third 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. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

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

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.