K Christopher Farkas Sells 918 Shares of Curtiss-Wright (NYSE:CW) Stock
by Renee Jackson · The Cerbat GemCurtiss-Wright Corporation (NYSE:CW – Get Free Report) CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
K Christopher Farkas also recently made the following trade(s):
- On Wednesday, February 4th, K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45.
Curtiss-Wright Stock Up 1.4%
Shares of CW stock traded up $9.76 on Wednesday, reaching $689.34. 267,829 shares of the company were exchanged, compared to its average volume of 301,106. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The company has a 50-day moving average of $667.50 and a 200-day moving average of $588.88. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 3.33 and a beta of 0.91. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.27 EPS. Analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.
Curtiss-Wright Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is presently 7.46%.
Institutional Trading of Curtiss-Wright
A number of institutional investors and hedge funds have recently modified their holdings of CW. World Investment Advisors boosted its position in Curtiss-Wright by 118.7% in the fourth quarter. World Investment Advisors now owns 842 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 457 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Curtiss-Wright by 3.4% during the fourth quarter. Corient Private Wealth LLC now owns 6,705 shares of the aerospace company’s stock worth $3,701,000 after buying an additional 221 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Curtiss-Wright by 53.6% during the fourth quarter. Hsbc Holdings PLC now owns 33,414 shares of the aerospace company’s stock worth $18,608,000 after buying an additional 11,660 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Curtiss-Wright in the fourth quarter worth about $42,000. Finally, DGS Capital Management LLC boosted its stake in Curtiss-Wright by 8.2% in the fourth quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 33 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on CW shares. Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Morgan Stanley restated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.
Check Out Our Latest Stock Report on CW
Curtiss-Wright Company Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.