Insider Selling: Curtiss-Wright Co. (NYSE:CW) VP Sells 148 Shares of Stock

Curtiss-Wright Co. (NYSE:CW - Get Free Report) VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded down $1.84 during midday trading on Friday, reaching $325.62. 680,352 shares of the company's stock traded hands, compared to its average volume of 250,575. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 30.86, 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. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The stock has a 50 day moving average of $337.26 and a 200 day moving average of $345.23.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data 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, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

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Curtiss-Wright Dividend Announcement

The company 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price on the stock. Finally, Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $386.86.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares during the last quarter. Invesco Ltd. increased its position in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. increased its position in Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC increased its position in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. Hedge funds and other institutional investors 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.