Kevin Rayment Sells 2,664 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the transaction, the chief operating officer now owns 24,236 shares of the company’s stock, valued at $8,407,953.12. This represents a 9.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kevin Rayment also recently made the following trade(s):

• On Monday, January 6th, Kevin Rayment acquired 52 shares of Curtiss-Wright stock. The shares were purchased at an average price of $304.12 per share, with a total value of $15,814.24.

Curtiss-Wright Stock Performance

NYSE:CW opened at $350.33 on Friday. The stock has a 50-day simple moving average of $360.28 and a two-hundred day simple moving average of $338.68. Curtiss-Wright Co. has a 52-week low of $224.18 and a 52-week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm has a market capitalization of $13.29 billion, a PE ratio of 33.14, a P/E/G ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid 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 is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CW shares. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Truist Financial boosted 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $386.86.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $31,497,000. Arizona State Retirement System boosted its stake in shares of Curtiss-Wright by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,115 shares of the aerospace company’s stock worth $3,944,000 after acquiring an additional 86 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $15,637,000. Atria Investments Inc boosted its stake in shares of Curtiss-Wright by 20.9% in the fourth quarter. Atria Investments Inc now owns 4,524 shares of the aerospace company’s stock worth $1,605,000 after acquiring an additional 781 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Curtiss-Wright by 16.3% in the fourth quarter. Assetmark Inc. now owns 6,779 shares of the aerospace company’s stock worth $2,406,000 after acquiring an additional 950 shares during the period. Institutional investors own 82.71% of the company’s stock.

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.