K Christopher Farkas Sells 2,453 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the transaction, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Curtiss-Wright Stock Up 1.9 %

CW stock traded up $6.60 during midday trading on Wednesday, hitting $351.17. The company’s stock had a trading volume of 254,787 shares, compared to its average volume of 279,886. The company’s fifty day moving average price is $361.10 and its 200 day moving average price is $338.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The stock has a market capitalization of $13.33 billion, a P/E ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Announces Dividend

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

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of the business. YANKCOM Partnership bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Tsfg LLC lifted its stake in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 303.8% during the 3rd 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 period. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright in the 3rd quarter valued at about $53,000. Finally, Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the third quarter worth approximately $59,000. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Finally, Morgan Stanley boosted 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $386.86.

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.