Curtiss-Wright Co. (NYSE:CW) Insider Paul J. Ferdenzi Sells 658 Shares

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Curtiss-Wright Trading Up 2.2 %

CW stock opened at $331.30 on Thursday. Curtiss-Wright Co. has a twelve month low of $242.52 and a twelve month high of $393.40. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $338.23 and its two-hundred day simple moving average is $345.29.

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

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently made changes to their positions in the business. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the fourth quarter worth about $49,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the 3rd quarter worth about $53,000. Finally, UMB Bank n.a. increased its position in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CW. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus 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.