Kevin Rayment Buys 52 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment bought 52 shares of Curtiss-Wright stock in a transaction dated Monday, January 6th. The shares were acquired at an average price of $304.12 per share, with a total value of $15,814.24. Following the completion of the purchase, the chief operating officer now owns 19,966 shares in the company, valued at approximately $6,072,059.92. The trade was a 0.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Curtiss-Wright Trading Up 0.8 %

Shares of CW stock opened at $351.41 on Thursday. The firm has a market capitalization of $13.34 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 1 year low of $212.05 and a 1 year high of $393.40. The stock has a fifty day moving average of $364.69 and a two-hundred day moving average of $327.13.

Curtiss-Wright Dividend Announcement

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

Hedge Funds Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of the stock. Natixis Advisors LLC increased its stake in shares of Curtiss-Wright by 2.5% during the second quarter. Natixis Advisors LLC now owns 14,694 shares of the aerospace company’s stock valued at $3,982,000 after acquiring an additional 352 shares during the period. CIBC Asset Management Inc raised its stake in shares of Curtiss-Wright by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after buying an additional 46 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at $263,000. TD Asset Management Inc boosted its stake in Curtiss-Wright by 6.0% during the second quarter. TD Asset Management Inc now owns 78,646 shares of the aerospace company’s stock valued at $21,311,000 after buying an additional 4,475 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Curtiss-Wright by 1.8% during the second quarter. Arizona State Retirement System now owns 10,699 shares of the aerospace company’s stock worth $2,899,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of recent research reports. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial raised their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Alembic Global Advisors assumed 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 for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $379.00.

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.