Paul J. Ferdenzi Acquires 34 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi bought 34 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average cost of $304.12 per share, with a total value of $10,340.08. Following the transaction, the insider now owns 16,022 shares in the company, valued at approximately $4,872,610.64. This represents a 0.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $348.70 on Wednesday. The business has a 50 day moving average price of $364.74 and a two-hundred day moving average price of $326.96. Curtiss-Wright Co. has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The firm has a market cap of $13.23 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on CW. Truist Financial increased their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Morgan Stanley upped 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. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus cut 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new position in shares of Curtiss-Wright during the second quarter worth about $3,025,000. MML Investors Services LLC raised its stake in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after buying an additional 1,754 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Curtiss-Wright during the 3rd quarter worth approximately $542,000. Fisher Asset Management LLC grew its position 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 acquiring an additional 5,437 shares in the last quarter. Finally, Freemont Management S.A. increased its holdings in shares of Curtiss-Wright by 154.5% in the 3rd quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock valued at $1,841,000 after acquiring an additional 3,400 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

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.