Curtiss-Wright Co. (NYSE:CW) CEO Sells $2,875,205.43 in Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. The trade was a 17.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Curtiss-Wright Stock Performance

CW stock traded up $6.60 on Wednesday, reaching $351.17. The company’s stock had a trading volume of 254,787 shares, compared to its average volume of 279,886. Curtiss-Wright Co. has a 52 week low of $224.18 and a 52 week high of $393.40. The firm has a fifty day moving average of $361.10 and a two-hundred day moving average of $338.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company has a market capitalization of $13.33 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. 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, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently made changes to their positions in CW. Creative Planning lifted its holdings in Curtiss-Wright by 8.8% in the 2nd quarter. Creative Planning now owns 2,778 shares of the aerospace company’s stock valued at $753,000 after acquiring an additional 224 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Curtiss-Wright in the second quarter worth approximately $238,000. Park Avenue Securities LLC increased its holdings in shares of Curtiss-Wright by 23.5% in the third quarter. Park Avenue Securities LLC now owns 4,561 shares of the aerospace company’s stock valued at $1,499,000 after buying an additional 869 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Curtiss-Wright by 88.5% during the third quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 239 shares during the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Curtiss-Wright by 4,083.3% in the 3rd quarter. Park Place Capital Corp now owns 251 shares of the aerospace company’s stock valued at $83,000 after purchasing an additional 245 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.