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

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

Curtiss-Wright Stock Performance

Shares of CW stock opened at $323.81 on Wednesday. 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 company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a one year low of $241.44 and a one year high of $393.40. The company’s 50-day moving average is $338.64 and its 200 day moving average is $345.39.

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

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Finally, Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. Atomi Financial Group Inc. bought a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $239,000. Truist Financial Corp grew its position in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after purchasing an additional 825 shares during the period. Athena Investment Management purchased a new stake in Curtiss-Wright during the 4th quarter valued at $302,000. Oppenheimer & Co. Inc. purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth $542,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares during the period. 82.71% of the stock is currently 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.