Kevin Rayment Sells 2,664 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total transaction of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was bought at an average cost of $304.12 per share, with a total value of $15,814.24.

Curtiss-Wright Price Performance

Shares of CW opened at $354.87 on Friday. The stock has a market cap of $13.47 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 1 year low of $224.18 and a 1 year high of $393.40. The stock’s 50-day moving average price is $359.90 and its two-hundred day moving average price is $339.19. 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 will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. Signaturefd LLC grew its holdings in shares of Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares during the period. Tidal Investments LLC grew its stake in Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares during the period. Cornerstone Investment Partners LLC increased its holdings in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after purchasing an additional 37 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Curtiss-Wright by 3.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CW shares. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company 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.