Albert E. Smith Sells 1,700 Shares of Curtiss-Wright Corporation (CW) Stock
Curtiss-Wright Corporation (NYSE:CW) Director Albert E. Smith sold 1,700 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total transaction of $207,995.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Curtiss-Wright Corporation (CW) opened at $123.01 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $82.77 and a fifty-two week high of $125.00. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5,412.02, a PE ratio of 25.52, a PEG ratio of 1.91 and a beta of 1.26.
Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The firm had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. During the same period in the previous year, the firm posted $1.02 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. research analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of CW. Jane Street Group LLC purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth about $591,000. Royce & Associates LP boosted its stake in shares of Curtiss-Wright by 14.9% during the 2nd quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock worth $3,543,000 after purchasing an additional 5,000 shares during the period. Schroder Investment Management Group purchased a new position in shares of Curtiss-Wright during the 2nd quarter worth about $13,442,000. Swiss National Bank boosted its stake in shares of Curtiss-Wright by 1.6% during the 2nd quarter. Swiss National Bank now owns 70,400 shares of the aerospace company’s stock worth $6,461,000 after purchasing an additional 1,100 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Curtiss-Wright by 15.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 522,366 shares of the aerospace company’s stock worth $47,943,000 after purchasing an additional 68,431 shares during the period. Hedge funds and other institutional investors own 76.17% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Stifel Nicolaus assumed coverage on shares of Curtiss-Wright in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 price target on the stock. Robert W. Baird assumed coverage on shares of Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price target on the stock. Deutsche Bank reiterated a “buy” rating and issued a $125.00 price target on shares of Curtiss-Wright in a report on Friday, October 6th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Curtiss-Wright presently has an average rating of “Buy” and an average price target of $129.86.
TRADEMARK VIOLATION WARNING: This news story was first posted by Marea Informative and is the property of of Marea Informative. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.mareainformativa.com/2018/01/05/albert-e-smith-sells-1700-shares-of-curtiss-wright-corporation-cw-stock.html.
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.