Curtiss-Wright Co. (NYSE:CW) COO Sells $326,707.19 in Stock

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 1,003 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total transaction of $326,707.19. Following the sale, the chief operating officer now owns 25,863 shares of the company’s stock, valued at approximately $8,424,354.99. This represents a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 transaction of $924,194.88.
• On Monday, January 6th, Kevin Rayment purchased 52 shares of Curtiss-Wright stock. The shares were acquired at an average cost of $304.12 per share, for a total transaction of $15,814.24.

Curtiss-Wright Trading Down 1.5 %

Shares of NYSE:CW traded down $5.08 during mid-day trading on Tuesday, hitting $323.81. The company had a trading volume of 324,932 shares, compared to its average volume of 250,042. The company has a market capitalization of $12.19 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The firm has a fifty day moving average price of $339.13 and a 200 day moving average price of $345.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a one year low of $241.44 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus lowered 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. Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Institutional Trading of Curtiss-Wright

Several institutional investors have recently made changes to their positions in CW. Vanguard Group Inc. boosted its position in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after purchasing an additional 15,890 shares during the period. Invesco Ltd. boosted its position in Curtiss-Wright by 6.4% during the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock worth $503,009,000 after purchasing an additional 84,635 shares during the period. TD Asset Management Inc. boosted its position in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after purchasing an additional 107,115 shares during the period. Geode Capital Management LLC boosted its position in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after purchasing an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after purchasing an additional 6,971 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.