Glenn E. Tynan Sells 10,000 Shares of Curtiss-Wright Corp. (NYSE:CW) Stock

Curtiss-Wright Corp. (NYSE:CW) CFO Glenn E. Tynan sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $128.14, for a total value of $1,281,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Curtiss-Wright stock traded up $0.29 during trading on Wednesday, reaching $131.62. The company had a trading volume of 219,464 shares, compared to its average volume of 272,661. Curtiss-Wright Corp. has a 12-month low of $95.23 and a 12-month high of $141.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.10. The stock’s 50 day moving average price is $123.45 and its two-hundred day moving average price is $118.82. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.19 and a beta of 1.20.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.13. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $642.66 million. Curtiss-Wright had a net margin of 11.90% and a return on equity of 18.54%. Curtiss-Wright’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 earnings per share. As a group, research analysts expect that Curtiss-Wright Corp. will post 7.12 earnings per share for the current year.

Curtiss-Wright announced that its board has approved a share repurchase program on Wednesday, May 15th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently commented on the company. ValuEngine raised Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Stifel Nicolaus increased their target price on Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Curtiss-Wright currently has an average rating of “Buy” and an average target price of $141.80.

Several institutional investors and hedge funds have recently modified their holdings of CW. Princeton Global Asset Management LLC acquired a new position in Curtiss-Wright in the second quarter valued at $201,000. Atria Investments LLC acquired a new stake in Curtiss-Wright during the second quarter worth about $276,000. BlackRock Inc. increased its stake in Curtiss-Wright by 4.5% during the second quarter. BlackRock Inc. now owns 4,807,922 shares of the aerospace company’s stock worth $611,232,000 after acquiring an additional 208,921 shares during the last quarter. Natixis increased its stake in Curtiss-Wright by 12.8% during the second quarter. Natixis now owns 171,625 shares of the aerospace company’s stock worth $21,819,000 after acquiring an additional 19,490 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $402,000. 77.91% of the stock is currently owned by institutional investors and hedge funds.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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