Curtiss-Wright Co. (NYSE:CW) COO Buys $15,814.24 in Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment acquired 52 shares of Curtiss-Wright stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of $304.12 per share, for a total transaction of $15,814.24. Following the purchase, the chief operating officer now directly owns 19,966 shares of the company’s stock, valued at approximately $6,072,059.92. This trade represents a 0.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $351.41 on Thursday. The firm has a fifty day moving average of $364.69 and a 200-day moving average of $327.13. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.34 billion, a P/E ratio of 33.25, a PEG ratio of 2.96 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given 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 (DPR) is presently 7.95%.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds have recently modified their holdings of CW. Tsfg LLC grew its position in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the 3rd quarter worth $59,000. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the 3rd quarter worth $69,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Finally, Truist Financial lifted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $379.00.

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.