Kevin Rayment Sells 2,664 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the transaction, the chief operating officer now owns 24,236 shares of the company’s stock, valued at approximately $8,407,953.12. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, January 6th, Kevin Rayment purchased 52 shares of Curtiss-Wright stock. The stock was bought at an average cost of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Stock Performance

Shares of CW traded up $6.60 during midday trading on Wednesday, reaching $351.17. 254,787 shares of the stock were exchanged, compared to its average volume of 279,886. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The business’s 50-day moving average price is $361.10 and its 200 day moving average price is $338.51.

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CW. 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 target price on the stock. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Finally, Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds have recently modified their holdings of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the 4th quarter worth $31,000. Tsfg LLC raised its holdings in shares of 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 during the last quarter. UMB Bank n.a. raised its stake in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $53,000. Finally, Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $59,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.