Insider Selling: Curtiss-Wright Co. (NYSE:CW) CEO Sells 8,289 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $351.17 on Thursday. Curtiss-Wright Co. has a 52 week low of $224.18 and a 52 week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $360.70 and its 200-day simple moving average is $338.60. The firm has a market cap 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.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. 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 is currently 7.95%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of 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 valued at approximately $238,000. Park Avenue Securities LLC increased its stake in 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 purchasing an additional 869 shares during the last quarter. GAMMA Investing LLC raised its holdings in Curtiss-Wright by 88.5% during the third quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 239 shares in the last quarter. Finally, Park Place Capital Corp lifted its position in shares of Curtiss-Wright by 4,083.3% during the 3rd quarter. Park Place Capital Corp now owns 251 shares of the aerospace company’s stock worth $83,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CW. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. 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. Finally, Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $386.86.

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.