Harry Jakubowitz Sells 684 Shares of Curtiss-Wright Corp. (CW) Stock

Curtiss-Wright Corp. (NYSE:CW) VP Harry Jakubowitz sold 684 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $115.03, for a total value of $78,680.52. Following the transaction, the vice president now directly owns 21,137 shares in the company, valued at $2,431,389.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE CW opened at $116.41 on Monday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.28 and a beta of 1.30. Curtiss-Wright Corp. has a 12 month low of $95.23 and a 12 month high of $143.38. The company has a quick ratio of 1.53, a current ratio of 2.25 and a debt-to-equity ratio of 0.50.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 11.93%.

Curtiss-Wright announced that its board has approved a share repurchase plan on Wednesday, December 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

CW has been the topic of a number of research reports. Zacks Investment Research reaffirmed a “hold” rating and set a $123.00 target price on shares of Curtiss-Wright in a research report on Tuesday, November 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday, October 30th. SunTrust Banks lowered their target price on Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. ValuEngine lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Finally, Bank of America lowered their target price on Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $133.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Curtiss-Wright by 5.0% in the 3rd quarter. BlackRock Inc. now owns 5,395,872 shares of the aerospace company’s stock valued at $741,500,000 after buying an additional 259,350 shares during the last quarter. Vanguard Group Inc. raised its position in Curtiss-Wright by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,546,418 shares of the aerospace company’s stock valued at $487,349,000 after buying an additional 23,821 shares during the last quarter. Vanguard Group Inc raised its position in Curtiss-Wright by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 3,546,418 shares of the aerospace company’s stock valued at $487,349,000 after buying an additional 23,821 shares during the last quarter. AQR Capital Management LLC raised its position in Curtiss-Wright by 47.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,506,235 shares of the aerospace company’s stock valued at $206,987,000 after buying an additional 485,253 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in Curtiss-Wright by 6.7% in the 3rd quarter. Primecap Management Co. CA now owns 1,303,000 shares of the aerospace company’s stock valued at $179,058,000 after buying an additional 82,200 shares during the last quarter. 79.57% of the stock is owned by institutional investors and hedge funds.

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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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