Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford Sells 8,289 Shares

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $6.60 during midday trading on Wednesday, hitting $351.17. 254,787 shares of the stock were exchanged, compared to its average volume of 279,886. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The stock has a market cap of $13.33 billion, a P/E ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.19. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $361.10 and a 200-day moving average price of $338.51.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s payout ratio is currently 7.95%.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently bought and sold shares of CW. Atomi Financial Group Inc. purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $239,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Curtiss-Wright during the third quarter worth $542,000. Fisher Asset Management LLC grew its position in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares during the period. MML Investors Services LLC lifted its position in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after buying an additional 1,754 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Curtiss-Wright in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CW. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Finally, Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Company Profile

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.