Insider Selling: Curtiss-Wright Corp. (CW) CEO Sells 13,051 Shares of Stock
Curtiss-Wright Corp. (NYSE:CW) CEO David Charles Adams sold 13,051 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $120.44, for a total value of $1,571,862.44. Following the transaction, the chief executive officer now directly owns 88,257 shares in the company, valued at $10,629,673.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
David Charles Adams also recently made the following trade(s):
- On Tuesday, November 14th, David Charles Adams sold 5,270 shares of Curtiss-Wright stock. The stock was sold at an average price of $117.74, for a total value of $620,489.80.
Shares of Curtiss-Wright Corp. (CW) opened at $122.07 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. The company has a market capitalization of $5,292.88, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. Curtiss-Wright Corp. has a twelve month low of $82.77 and a twelve month high of $134.44.
A number of research analysts recently weighed in on CW shares. Wells Fargo & Co upped their price target on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Robert W. Baird initiated coverage on Curtiss-Wright in a report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price objective for the company. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, October 30th. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. Finally, Stifel Nicolaus boosted their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $133.29.
Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $591,000. Wells Fargo & Company MN grew its holdings in shares of Curtiss-Wright by 22.8% in the third quarter. Wells Fargo & Company MN now owns 290,269 shares of the aerospace company’s stock valued at $30,345,000 after acquiring an additional 53,908 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Curtiss-Wright by 11.1% in the third quarter. Legal & General Group Plc now owns 49,279 shares of the aerospace company’s stock valued at $5,152,000 after acquiring an additional 4,938 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Curtiss-Wright by 14.7% in the third quarter. Rhumbline Advisers now owns 102,415 shares of the aerospace company’s stock valued at $10,706,000 after acquiring an additional 13,127 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Curtiss-Wright by 4.1% in the third quarter. California Public Employees Retirement System now owns 76,529 shares of the aerospace company’s stock valued at $8,000,000 after acquiring an additional 3,029 shares in the last quarter. 76.31% of the stock is owned by hedge funds and other institutional investors.
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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.
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