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

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

Curtiss-Wright Trading Down 1.5 %

NYSE:CW traded down $5.08 during trading hours on Tuesday, hitting $323.81. 324,932 shares of the company were exchanged, compared to its average volume of 250,042. The stock 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. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a one year low of $241.44 and a one year high of $393.40. The company has a fifty day simple moving average of $339.13 and a 200 day simple moving average of $345.33.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results 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 return on equity of 17.11% and a net margin of 12.98%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. 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 is presently 7.96%.

Analyst Ratings Changes

Several equities analysts have recently commented on CW shares. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Institutional Trading of Curtiss-Wright

Large investors have recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $31,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $35,000. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $49,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter valued at about $53,000. Finally, UMB Bank n.a. boosted its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.