Paul J. Ferdenzi Sells 658 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the transaction, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Curtiss-Wright Stock Down 1.5 %

Shares of CW opened at $323.81 on Wednesday. Curtiss-Wright Co. has a 12-month low of $241.44 and a 12-month high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.19 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The business’s 50 day moving average is $338.64 and its 200 day moving average is $345.39.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s payout ratio is 7.96%.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently made changes to their positions in CW. Vanguard Group Inc. increased its stake in Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the last quarter. Invesco Ltd. increased its position in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock worth $503,009,000 after purchasing an additional 84,635 shares during the last quarter. TD Asset Management Inc. raised its stake in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC lifted its position in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock valued at $264,071,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.