Paul J. Ferdenzi Sells 1,907 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $6.60 during trading hours on Wednesday, hitting $351.17. 254,787 shares of the company’s stock traded hands, compared to its average volume of 279,886. The company’s fifty day simple moving average is $361.10 and its two-hundred day simple moving average is $338.51. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 52 week low of $224.18 and a 52 week high of $393.40.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter worth $31,000. Tsfg LLC boosted its position in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. UMB Bank n.a. increased its stake in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth about $53,000. Finally, Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the third quarter valued at about $59,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.