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

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

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $351.17 on Thursday. Curtiss-Wright Co. has a 1-year low of $224.18 and a 1-year high of $393.40. The firm has a market capitalization of $13.33 billion, a PE ratio of 33.22, a P/E/G ratio of 2.47 and a beta of 1.19. 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 business’s fifty day moving average price is $360.70 and its two-hundred day moving average price is $338.60.

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CW. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Stifel Nicolaus downgraded 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 note on Monday, November 18th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Truist Financial lifted 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atomi Financial Group Inc. acquired a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $239,000. Oppenheimer & Co. Inc. bought a new stake in Curtiss-Wright during the 3rd quarter valued at $542,000. Fisher Asset Management LLC boosted its position in Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares during the period. MML Investors Services LLC grew its stake in shares of Curtiss-Wright by 21.8% in the third 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 stake in shares of Curtiss-Wright during the fourth quarter valued at about $210,000. Institutional investors own 82.71% of the company’s stock.

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.