Paul J. Ferdenzi Buys 34 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi purchased 34 shares of the stock in a transaction dated Monday, January 6th. The stock was purchased at an average cost of $304.12 per share, for a total transaction of $10,340.08. Following the completion of the purchase, the insider now directly owns 16,022 shares of the company’s stock, valued at approximately $4,872,610.64. The trade was a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Curtiss-Wright Stock Up 0.8 %

CW stock opened at $351.41 on Thursday. The firm has a market cap of $13.34 billion, a PE ratio of 33.25, a PEG ratio of 2.96 and a beta of 1.19. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. The firm’s 50 day moving average price is $364.69 and its 200-day moving average price is $327.13. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were 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 was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $379.00.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after buying an additional 27,607 shares in the last quarter. Congress Asset Management Co. grew its position in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares in the last quarter. International Assets Investment Management LLC increased its stake in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the period. Franklin Resources Inc. lifted its position in shares of Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after purchasing an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after purchasing an additional 56,966 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.