Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment Purchases 52 Shares

Curtiss-Wright Co. (NYSE:CW - Get Free Report) COO Kevin Rayment purchased 52 shares of Curtiss-Wright stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of $304.12 per share, for a total transaction of $15,814.24. Following the completion of the acquisition, the chief operating officer now owns 19,966 shares of the company's stock, valued at approximately $6,072,059.92. The trade was a 0.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Curtiss-Wright Trading Up 0.3 %

CW traded up $1.22 during trading on Monday, reaching $350.64. 294,206 shares of the stock traded hands, compared to its average volume of 397,235. The stock's 50-day moving average is $364.85 and its 200 day moving average is $326.44. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month 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 capitalization of $13.31 billion, a PE ratio of 33.17, a P/E/G ratio of 2.96 and a beta of 1.19.

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 paid 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 yield of 0.24%. Curtiss-Wright's dividend payout ratio is currently 7.95%.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its position in shares of Curtiss-Wright by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 25,934 shares of the aerospace company's stock valued at $9,330,000 after acquiring an additional 335 shares during the period. GAMMA Investing LLC raised its holdings in shares of Curtiss-Wright by 13.4% during the fourth quarter. GAMMA Investing LLC now owns 577 shares of the aerospace company's stock valued at $205,000 after purchasing an additional 68 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Curtiss-Wright by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company's stock valued at $39,161,000 after purchasing an additional 10,642 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $230,000. Finally, Franklin Resources Inc. increased its position in Curtiss-Wright by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock valued at $115,469,000 after buying an additional 22,543 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Truist Financial raised their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price 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.