Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment Sells 1,003 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 1,003 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total value of $326,707.19. Following the transaction, the chief operating officer now directly owns 25,863 shares in the company, valued at $8,424,354.99. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, February 5th, Kevin Rayment sold 2,664 shares of Curtiss-Wright stock. The stock was sold at an average price of $346.92, for a total transaction of $924,194.88.
• On Monday, January 6th, Kevin Rayment bought 52 shares of Curtiss-Wright stock. The shares were acquired at an average cost of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Price Performance

NYSE CW opened at $323.81 on Wednesday. The firm’s fifty day simple moving average is $338.64 and its two-hundred day simple moving average is $345.39. The firm has a market capitalization of $12.19 billion, a P/E ratio of 30.69, a P/E/G 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 12-month low of $241.44 and a 12-month high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently bought and sold shares of CW. Victory Capital Management Inc. lifted its stake in shares of Curtiss-Wright by 20.6% during the third quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock worth $12,248,000 after buying an additional 6,368 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Curtiss-Wright during the 3rd quarter worth about $542,000. KBC Group NV grew its stake in Curtiss-Wright by 8.6% during the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Curtiss-Wright by 3.3% in the third 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 during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Curtiss-Wright by 3.5% in 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 last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CW shares. Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. 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 target price on the stock. Finally, Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price 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.