Insider Selling: Curtiss-Wright Co. (NYSE:CW) COO Sells 2,664 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the sale, the chief operating officer now directly owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, January 6th, Kevin Rayment bought 52 shares of Curtiss-Wright stock. The shares were acquired at an average price of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Trading Up 1.9 %

NYSE CW traded up $6.60 on Wednesday, reaching $351.17. 254,787 shares of the company were exchanged, compared to its average volume of 279,886. Curtiss-Wright Co. has a fifty-two week low of $224.18 and a fifty-two week high of $393.40. The stock 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 business’s fifty day moving average price is $361.10 and its 200 day moving average price is $338.51. 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 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares during the last quarter. Congress Asset Management Co. lifted its stake in Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after purchasing an additional 265,205 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after buying an additional 166,672 shares during the period. Principal Financial Group Inc. grew its stake in shares of Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after buying an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CW. 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 objective for the company. Truist Financial upped their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup assumed 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. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average 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.