Insider Selling: Curtiss-Wright Co. (NYSE:CW) Insider Sells $214,297.44 in Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Price Performance

Shares of CW opened at $327.14 on Friday. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a one year low of $245.69 and a one year high of $393.40. The stock’s fifty day moving average is $337.75 and its 200-day moving average is $345.16.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CW shares. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Curtiss-Wright by 6.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock worth $2,254,000 after acquiring an additional 405 shares during the period. Park Square Financial Group LLC acquired a new position in Curtiss-Wright during the fourth quarter worth about $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Curtiss-Wright during the fourth quarter worth about $14,004,000. Ascent Group LLC grew its holdings in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 33 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Curtiss-Wright by 95.2% during the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock worth $314,000 after acquiring an additional 432 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

About Curtiss-Wright

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.