Lynn M. Bamford Sells 7,129 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Curtiss-Wright Trading Up 0.2 %

NYSE CW opened at $366.92 on Friday. The firm’s fifty day moving average is $362.34 and its two-hundred day moving average is $316.84. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. 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 cap of $13.92 billion, a PE ratio of 34.71, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CW. 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 note on Tuesday, November 5th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. Tsfg LLC grew its position in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright during the 3rd quarter worth $53,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $59,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.