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

Curtiss-Wright Co. (NYSE:CW - Get Free Report) insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Curtiss-Wright Trading Down 0.6 %

CW stock traded down $1.84 during trading on Friday, hitting $325.62. 680,352 shares of the company traded hands, compared to its average volume of 250,575. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a 50-day moving average of $337.26 and a 200-day moving average of $345.23. The firm has a market capitalization of $12.26 billion, a PE ratio of 30.86, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping 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%. Analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

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Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is 7.96%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CW shares. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective for the company. Finally, Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $386.86.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after purchasing an additional 84,635 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares during the period. Geode Capital Management LLC raised its stake in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

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.