Paul J. Ferdenzi Sells 2,500 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curtiss-Wright Stock Up 0.9 %

Shares of NYSE CW opened at $253.54 on Thursday. Curtiss-Wright Co. has a 52-week low of $157.72 and a 52-week high of $253.71. The firm has a fifty day moving average of $235.07 and a 200-day moving average of $218.36. The stock has a market capitalization of $9.71 billion, a PE ratio of 27.56 and a beta of 1.17. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The firm had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.92 EPS. On average, analysts anticipate that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CW shares. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Truist Financial reissued a “hold” rating and set a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research note on Monday. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $238.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Curtiss-Wright by 16.9% in the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after acquiring an additional 593 shares during the period. US Bancorp DE lifted its stake in shares of Curtiss-Wright by 15.4% in the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock worth $849,000 after acquiring an additional 756 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Curtiss-Wright by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after acquiring an additional 121 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Curtiss-Wright by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after acquiring an additional 1,371 shares during the period. 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.