Paul J. Ferdenzi Sells 1,907 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Curtiss-Wright Stock Performance

NYSE:CW opened at $350.33 on Friday. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The company has a market capitalization of $13.29 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The firm has a 50-day moving average price of $360.28 and a two-hundred day moving average price of $338.68. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial increased 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. Morgan Stanley upped their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus cut shares of 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. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds have recently modified their holdings of the stock. Creative Planning raised its holdings in Curtiss-Wright by 8.8% in the second quarter. Creative Planning now owns 2,778 shares of the aerospace company’s stock valued at $753,000 after buying an additional 224 shares during the period. Sanctuary Advisors LLC acquired a new position in Curtiss-Wright in the second quarter worth $238,000. Park Avenue Securities LLC boosted its holdings in shares of Curtiss-Wright by 23.5% during the third quarter. Park Avenue Securities LLC now owns 4,561 shares of the aerospace company’s stock valued at $1,499,000 after acquiring an additional 869 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Curtiss-Wright by 88.5% during the third quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock valued at $167,000 after acquiring an additional 239 shares during the period. Finally, Park Place Capital Corp lifted its holdings in Curtiss-Wright by 4,083.3% in the third quarter. Park Place Capital Corp now owns 251 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 245 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

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.