Curtiss-Wright Co. (NYSE:CW - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $324.32 and traded as high as $361.19. Curtiss-Wright shares last traded at $354.87, with a volume of 105,016 shares.
Wall Street Analysts Forecast Growth
CW has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective for the company. Stifel Nicolaus cut 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. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Finally, Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $379.00.
Check Out Our Latest Stock Analysis on CW
Curtiss-Wright Trading Down 1.0 %
The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.96 and a beta of 1.18. The firm has a 50-day moving average price of $364.75 and a 200-day moving average price of $324.72.
Curtiss-Wright Announces Dividend
The firm also recently declared 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 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.
Insider Activity
In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.
Hedge Funds Weigh In On Curtiss-Wright
Institutional investors and hedge funds have recently modified their holdings of the stock. Tsfg LLC grew its stake in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Curtiss-Wright by 303.8% in the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright in the third quarter valued at approximately $59,000. Finally, Quarry LP grew its position in Curtiss-Wright by 176.9% in the second quarter. Quarry LP now owns 252 shares of the aerospace company's stock worth $68,000 after acquiring an additional 161 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.
About Curtiss-Wright
(
Get Free Report)
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.
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