Curtiss-Wright (NYSE:CW) Shares Down 4.8% - Time to Sell?

Curtiss-Wright Co. (NYSE:CW - Get Free Report)'s share price fell 4.8% during trading on Tuesday . The company traded as low as $366.20 and last traded at $366.46. 134,640 shares changed hands during trading, a decline of 41% from the average session volume of 226,439 shares. The stock had previously closed at $385.02.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price on the stock. Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a report on Friday, November 1st. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $379.00.

Curtiss-Wright Stock Performance

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 company has a market capitalization of $13.82 billion, a PE ratio of 34.45, a P/E/G ratio of 2.96 and a beta of 1.18. The stock has a 50-day simple moving average of $363.86 and a 200 day simple moving average of $318.45.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Curtiss-Wright by 1.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,305 shares of the aerospace company's stock valued at $1,708,000 after acquiring an additional 112 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Curtiss-Wright by 48.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,661 shares of the aerospace company's stock worth $721,000 after purchasing an additional 874 shares during the last quarter. Dakota Wealth Management purchased a new position in Curtiss-Wright during the second quarter worth approximately $206,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $372,000. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 58,791 shares of the aerospace company's stock valued at $15,943,000 after purchasing an additional 575 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.