Curtiss-Wright Co. (NYSE:CW) Insider Paul J. Ferdenzi Sells 1,907 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Stock Performance

NYSE:CW opened at $351.17 on Thursday. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The company has a market capitalization of $13.33 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $360.70 and a two-hundred day moving average price of $338.60.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date 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 7.95%.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Curtiss-Wright during the fourth quarter worth approximately $187,000. Jones Financial Companies Lllp acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $135,000. Norden Group LLC grew its position in shares of Curtiss-Wright by 1.2% in the fourth quarter. Norden Group LLC now owns 6,246 shares of the aerospace company’s stock valued at $2,217,000 after purchasing an additional 73 shares during the period. Smartleaf Asset Management LLC increased its stake in Curtiss-Wright by 85.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock valued at $82,000 after purchasing an additional 105 shares during the last quarter. Finally, Athena Investment Management purchased a new position in Curtiss-Wright during the fourth quarter worth about $302,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CW. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Morgan Stanley boosted their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial increased 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.