Kevin Rayment Sells 1,003 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 1,003 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total transaction of $326,707.19. Following the sale, the chief operating officer now owns 25,863 shares of the company’s stock, valued at $8,424,354.99. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 5th, Kevin Rayment sold 2,664 shares of Curtiss-Wright stock. The stock was sold at an average price of $346.92, for a total value of $924,194.88.
• On Monday, January 6th, Kevin Rayment purchased 52 shares of Curtiss-Wright stock. The stock was purchased at an average price of $304.12 per share, with a total value of $15,814.24.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $331.30 on Thursday. The firm has a 50 day moving average of $338.23 and a 200-day moving average of $345.29. The stock has a market capitalization of $12.48 billion, a PE ratio of 31.40, a PEG ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $242.52 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced 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 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CW. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. 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 objective for the company. Finally, Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Curtiss-Wright by 6.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock valued at $2,254,000 after purchasing an additional 405 shares during the last quarter. Park Square Financial Group LLC bought a new position in Curtiss-Wright in the fourth quarter valued at about $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $14,004,000. Ascent Group LLC grew its holdings in shares of Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 33 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Curtiss-Wright by 95.2% in the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock valued at $314,000 after buying an additional 432 shares during the period. 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.