Lynn M. Bamford Sells 8,289 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Price Performance

Shares of CW opened at $354.87 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm has a market capitalization of $13.47 billion, a PE ratio of 33.57, a P/E/G ratio of 2.47 and a beta of 1.19. The stock has a 50 day simple moving average of $359.90 and a 200 day simple moving average of $339.19. Curtiss-Wright Co. has a 52-week low of $224.18 and a 52-week high of $393.40.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on CW. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. 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 target price for the company. Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors started 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 increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Institutional Trading of Curtiss-Wright

Several hedge funds and other institutional investors have recently modified their holdings of CW. Signaturefd LLC lifted its stake in Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 29 shares in the last quarter. Tidal Investments LLC boosted its holdings in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after buying an additional 37 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Curtiss-Wright by 3.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.