Curtiss-Wright Co. (NYSE:CW) Insider Sells $661,690.86 in Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % 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 Price Performance

NYSE CW opened at $350.33 on Friday. The stock’s 50-day moving average price is $360.28 and its two-hundred day moving average price is $338.68. 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 market cap of $13.29 billion, a PE ratio of 33.14, a PEG ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 1 year low of $224.18 and a 1 year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of CW. YANKCOM Partnership purchased a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Tsfg LLC grew its stake in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. grew its stake in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $53,000. Finally, Brooklyn Investment Group purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CW shares. Morgan Stanley boosted their price target on shares of 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 started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus 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.