Curtiss-Wright Co. (NYSE:CW - Get Free Report) COO Kevin Rayment sold 1,003 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.73, for a total value of $326,707.19. Following the sale, the chief operating officer now directly owns 25,863 shares in the company, valued at approximately $8,424,354.99. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kevin Rayment also recently made the following trade(s):
- On Wednesday, February 5th, Kevin Rayment sold 2,664 shares of Curtiss-Wright stock. The stock was sold at an average price of $346.92, for a total value of $924,194.88.
- On Monday, January 6th, Kevin Rayment acquired 52 shares of Curtiss-Wright stock. The shares were purchased at an average cost of $304.12 per share, with a total value of $15,814.24.
Curtiss-Wright Stock Performance
NYSE CW traded down $1.84 during trading hours on Friday, hitting $325.62. The company's stock had a trading volume of 680,352 shares, compared to its average volume of 250,575. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market cap of $12.26 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company's 50 day simple moving average is $337.26 and its two-hundred day simple moving average is $345.23. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40.
Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright's payout ratio is 7.96%.
Institutional Trading of Curtiss-Wright
Several large investors have recently modified their holdings of CW. Victory Capital Management Inc. grew its stake in shares of Curtiss-Wright by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company's stock valued at $12,248,000 after purchasing an additional 6,368 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Curtiss-Wright during the third quarter valued at approximately $542,000. KBC Group NV increased its holdings in Curtiss-Wright by 8.6% during the third quarter. KBC Group NV now owns 1,025 shares of the aerospace company's stock valued at $337,000 after buying an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company's stock worth $382,000 after acquiring an additional 37 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company's stock worth $363,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 82.71% of the company's stock.
Analyst Upgrades and Downgrades
CW has been the subject of a number of analyst reports. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective for the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average price target of $386.86.
View Our Latest Analysis on Curtiss-Wright
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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