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

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi purchased 34 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of $304.12 per share, for a total transaction of $10,340.08. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website.

Curtiss-Wright Stock Performance

Shares of CW traded up $1.22 during trading hours on Monday, hitting $350.64. The company’s stock had a trading volume of 292,117 shares, compared to its average volume of 396,539. The company 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. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The business has a 50 day simple moving average of $364.83 and a two-hundred day simple moving average of $325.92. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CW shares. 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 research note on Monday, November 18th. Morgan Stanley raised their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Finally, Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently made changes to their positions in the stock. Tsfg LLC lifted its holdings in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright in the 3rd quarter valued at $69,000. 82.71% of the stock is owned by institutional investors.

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.