Curtiss-Wright Co. (NYSE:CW) Insider Purchases $10,340.08 in Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi bought 34 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of $304.12 per share, for a total transaction of $10,340.08. Following the completion of the purchase, the insider now directly owns 16,022 shares of the company’s stock, valued at $4,872,610.64. This represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curtiss-Wright Trading Up 0.3 %

Shares of Curtiss-Wright stock traded up $1.22 on Monday, hitting $350.64. The stock had a trading volume of 292,117 shares, compared to its average volume of 396,539. The stock’s 50-day simple moving average is $364.83 and its two-hundred day simple moving average is $325.92. Curtiss-Wright Co. has a one year low of $212.05 and a one year 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 stock has a market cap of $13.31 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.96 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently modified their holdings of CW. Tsfg LLC raised its position in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright in the third quarter valued at $59,000. Finally, Quarry LP increased its position in Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CW shares. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Alembic Global Advisors started 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 on the stock. Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target 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.