Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment Sells 1,003 Shares

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 1,003 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.73, for a total transaction of $326,707.19. Following the sale, the chief operating officer now directly owns 25,863 shares of the company’s stock, valued at approximately $8,424,354.99. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, February 5th, Kevin Rayment sold 2,664 shares of Curtiss-Wright stock. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88.
• On Monday, January 6th, Kevin Rayment purchased 52 shares of Curtiss-Wright stock. The shares were purchased at an average price of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Stock Down 1.2 %

Curtiss-Wright stock opened at $327.14 on Friday. The firm has a market cap of $12.32 billion, a PE ratio of 31.01, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm’s 50 day moving average price is $337.75 and its two-hundred day moving average price is $345.16. Curtiss-Wright Co. has a twelve month low of $245.69 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. 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, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Institutional Trading of Curtiss-Wright

Large investors have recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $49,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright in the third quarter worth approximately $53,000. Finally, Brooklyn Investment Group bought a new stake in Curtiss-Wright in the third quarter worth approximately $59,000. 82.71% of the stock is owned by 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.