Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas Sells 2,453 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 2,453 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the sale, the chief financial officer now directly owns 12,712 shares in the company, valued at approximately $4,411,064. This trade represents a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Curtiss-Wright Trading Up 1.9 %

NYSE CW opened at $351.17 on Thursday. The stock has a market cap of $13.33 billion, a PE ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.19. The company’s 50-day moving average price is $360.70 and its 200-day moving average price is $338.60. Curtiss-Wright Co. has a 12 month low of $224.18 and a 12 month high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CW. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. acquired a new position in Curtiss-Wright during the fourth quarter valued at $239,000. Oppenheimer & Co. Inc. purchased a new stake in Curtiss-Wright in the 3rd quarter worth $542,000. Fisher Asset Management LLC lifted its stake in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after buying an additional 5,437 shares in the last quarter. MML Investors Services LLC increased its position in shares of 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 purchasing an additional 1,754 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $210,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.