Insider Buying: Curtiss-Wright Co. (NYSE:CW) COO Buys 52 Shares of Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment acquired 52 shares of Curtiss-Wright stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of $304.12 per share, with a total value of $15,814.24. Following the completion of the transaction, the chief operating officer now directly owns 19,966 shares of the company’s stock, valued at $6,072,059.92. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Curtiss-Wright Stock Down 0.7 %

Shares of CW stock opened at $348.70 on Wednesday. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.96 and a beta of 1.19. The firm’s 50-day moving average is $364.74 and its 200-day moving average is $326.96.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s payout ratio is presently 7.95%.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds have recently added to or reduced their stakes in CW. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after purchasing an additional 27,607 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares during the period. International Assets Investment Management LLC raised its holdings in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after acquiring an additional 403,701 shares during the period. Franklin Resources Inc. lifted its position in Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Curtiss-Wright by 29.0% during the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after acquiring an additional 56,966 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CW shares. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Finally, Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $379.00.

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.