Curtiss-Wright Co. (NYSE:CW) VP Sells $215,865.10 in Stock

Curtiss-Wright Co. (NYSE:CW) VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease 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 Stock Performance

NYSE CW opened at $350.33 on Friday. The company has a market cap of $13.29 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $224.18 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a 50-day moving average of $360.28 and a two-hundred day moving average of $338.68.

Curtiss-Wright Announces Dividend

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

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at $31,000. Tsfg LLC increased its holdings in 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 purchasing an additional 67 shares during the period. UMB Bank n.a. raised its position in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $53,000. Finally, Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the third quarter worth about $59,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a report on Monday, November 18th. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Morgan Stanley increased 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.