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 dated Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the transaction, the chief financial officer now directly owns 14,033 shares in the company, valued at $4,567,320.51. The trade was a 6.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 Trading Up 2.2 %

CW opened at $331.30 on Thursday. The stock has a market capitalization 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 current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $242.52 and a 12 month high of $393.40. The firm’s fifty day simple moving average is $338.23 and its 200 day simple moving average is $345.29.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Institutional Trading of Curtiss-Wright

Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Curtiss-Wright in the 4th quarter valued at $201,856,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth about $132,626,000. TimesSquare Capital Management LLC grew its holdings in shares of Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after acquiring an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after acquiring an additional 160,395 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.