K Christopher Farkas Sells 2,453 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at approximately $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Curtiss-Wright Price Performance

NYSE CW opened at $350.33 on Friday. The stock’s 50-day moving average price is $360.28 and its two-hundred day moving average price is $338.68. The company has a market cap of $13.29 billion, a PE ratio of 33.14, a PEG ratio of 2.47 and a beta of 1.19. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1 year low of $224.18 and a 1 year high of $393.40.

Curtiss-Wright Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.95%.

Analyst Upgrades and Downgrades

CW has been the topic of several research analyst reports. Stifel Nicolaus cut shares of 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. Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at $31,497,000. Arizona State Retirement System increased its holdings in shares of Curtiss-Wright by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,115 shares of the aerospace company’s stock valued at $3,944,000 after purchasing an additional 86 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $15,637,000. Atria Investments Inc boosted its holdings in shares of Curtiss-Wright by 20.9% during the fourth quarter. Atria Investments Inc now owns 4,524 shares of the aerospace company’s stock worth $1,605,000 after purchasing an additional 781 shares during the period. Finally, Assetmark Inc. grew its position in Curtiss-Wright by 16.3% during the fourth quarter. Assetmark Inc. now owns 6,779 shares of the aerospace company’s stock valued at $2,406,000 after purchasing an additional 950 shares in the last quarter. 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.