Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford Sells 3,131 Shares

Curtiss-Wright Co. (NYSE:CW - Get Free Report) CEO Lynn M. Bamford sold 3,131 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Curtiss-Wright Trading Down 0.6 %

NYSE:CW traded down $1.84 during trading hours on Friday, hitting $325.62. 680,352 shares of the company were exchanged, compared to its average volume of 250,575. The company has a fifty day simple moving average of $337.26 and a 200 day simple moving average of $345.23. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth 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 (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

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Curtiss-Wright Announces Dividend

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 paid 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 of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $31,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $35,000. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $49,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. Finally, Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $59,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. 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 on the stock. Two investment 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, Curtiss-Wright currently has an average 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.