Paul J. Ferdenzi Sells 1,907 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $6.60 during midday trading on Wednesday, reaching $351.17. 254,787 shares of the company’s stock were exchanged, compared to its average volume of 279,886. The firm has a market capitalization of $13.33 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company’s 50 day simple moving average is $361.10 and its two-hundred day simple moving average is $338.51. Curtiss-Wright Co. has a 12 month low of $224.18 and a 12 month 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.

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

CW has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the stock. Atomi Financial Group Inc. bought a new stake in Curtiss-Wright in the fourth quarter valued at $239,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $542,000. Fisher Asset Management LLC grew its holdings in shares of Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. MML Investors Services LLC increased its position in shares of Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in Curtiss-Wright during the 4th quarter valued at about $210,000. 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.