K Christopher Farkas Sells 922 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

by · The Cerbat Gem

Curtiss-Wright Co. (NYSE:CW – Get Free Report) CFO K Christopher Farkas sold 922 shares of the business’s 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. This represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $851,191.00.

Curtiss-Wright Stock Down 1.5 %

Curtiss-Wright stock traded down $5.08 during midday trading on Tuesday, reaching $323.81. The stock had a trading volume of 324,932 shares, compared to its average volume of 250,042. Curtiss-Wright Co. has a 12 month low of $241.44 and a 12 month high of $393.40. The company has a market capitalization of $12.19 billion, a P/E ratio of 30.69, a PEG ratio of 2.48 and a beta of 1.15. The company has a fifty day moving average price of $339.13 and a two-hundred day moving average price of $345.33. 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 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%. As a group, equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued 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 currently 7.96%.

Analysts Set New Price Targets

CW has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Read Our Latest Research Report on Curtiss-Wright

Institutional Trading of Curtiss-Wright

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Curtiss-Wright by 6.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock valued at $2,254,000 after acquiring an additional 405 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $86,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $14,004,000. Ascent Group LLC grew its holdings 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 valued at $253,000 after acquiring an additional 33 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Curtiss-Wright by 95.2% in the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock valued at $314,000 after acquiring an additional 432 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

(Get Free Report)

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.

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