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

Curtiss-Wright Co. (NYSE:CW) VP George P. Mcdonald sold 148 shares of the firm’s 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 completion of the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Curtiss-Wright Trading Up 2.2 %

Shares of NYSE CW opened at $331.30 on Thursday. Curtiss-Wright Co. has a 1 year low of $242.52 and a 1 year high of $393.40. The stock has a market cap of $12.48 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The firm has a 50-day moving average of $338.23 and a 200 day moving average of $345.29. 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 released its quarterly earnings data 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, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. 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 0.25%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 29 shares during the period. Harbour Investments Inc. grew its stake in shares of Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 30 shares during the period. Cornerstone Investment Partners LLC grew its stake in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares during the period. Finally, Ascent Group LLC grew its stake in shares of Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 33 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.