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

Curtiss-Wright Co. (NYSE:CW) VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Curtiss-Wright Stock Up 1.9 %

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

Curtiss-Wright Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CW. Norden Group LLC boosted its position in Curtiss-Wright by 1.2% during the 4th 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 grew its holdings in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 105 shares during the period. Athena Investment Management bought a new position in shares of Curtiss-Wright in the fourth quarter valued at $302,000. Williamson Legacy Group LLC lifted its holdings in shares of Curtiss-Wright by 4.5% during the fourth quarter. Williamson Legacy Group LLC now owns 3,001 shares of the aerospace company’s stock valued at $1,065,000 after purchasing an additional 129 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Curtiss-Wright by 47.3% in the 4th quarter. Fisher Asset Management LLC now owns 103,810 shares of the aerospace company’s stock worth $36,839,000 after purchasing an additional 33,356 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several research reports. Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price target on 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 started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Finally, Stifel Nicolaus lowered shares of 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.