Curtiss-Wright Co. (NYSE:CW) COO Sells $924,194.88 in Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the transaction, the chief operating officer now directly owns 24,236 shares in the company, valued at approximately $8,407,953.12. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kevin Rayment also recently made the following trade(s):

• On Monday, January 6th, Kevin Rayment acquired 52 shares of Curtiss-Wright stock. The stock was bought at an average price of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Stock Up 1.3 %

NYSE CW opened at $354.87 on Friday. Curtiss-Wright Co. has a 1-year low of $224.18 and a 1-year high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $359.90 and its two-hundred day moving average is $339.19. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Finally, Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright in the 4th quarter worth about $31,000. Tsfg LLC boosted its position in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. grew its stake in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the third quarter worth approximately $53,000. Finally, Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter valued at approximately $59,000. 82.71% of the stock is currently 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.