Curtiss-Wright Co. (NYSE:CW) VP John C. Watts Sells 622 Shares

Curtiss-Wright Co. (NYSE:CW) VP John C. Watts sold 622 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curtiss-Wright Trading Up 1.9 %

NYSE CW traded up $6.60 during trading hours on Wednesday, hitting $351.17. The company’s stock had a trading volume of 254,787 shares, compared to its average volume of 279,886. The stock has a fifty day moving average of $361.10 and a 200 day moving average of $338.51. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The firm has a market capitalization of $13.33 billion, a P/E ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently added to or reduced their stakes in CW. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Tsfg LLC lifted its stake in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. increased its position in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the third quarter worth $53,000. Finally, Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter worth about $59,000. 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.