Curtiss-Wright Co. (NYSE:CW) Insider Purchases $10,340.08 in Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi bought 34 shares of the company’s stock in a transaction on Monday, January 6th. The shares were bought at an average cost of $304.12 per share, for a total transaction of $10,340.08. Following the transaction, the insider now owns 16,022 shares in the company, valued at $4,872,610.64. The trade was a 0.21 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Curtiss-Wright Stock Up 0.8 %

Shares of CW stock opened at $351.41 on Thursday. 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 twelve month low of $212.05 and a twelve month high of $393.40. The stock has a 50 day moving average of $364.69 and a 200 day moving average of $327.13. The stock has a market cap of $13.34 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.96 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CW. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. 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, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $379.00.

Institutional Trading of Curtiss-Wright

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Curtiss-Wright by 1.3% during the fourth quarter. Nordea Investment Management AB now owns 25,934 shares of the aerospace company’s stock worth $9,330,000 after purchasing an additional 335 shares in the last quarter. GAMMA Investing LLC grew its stake in Curtiss-Wright by 13.4% in the 4th quarter. GAMMA Investing LLC now owns 577 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 68 shares during the period. JPMorgan Chase & Co. grew its stake in Curtiss-Wright by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock valued at $39,161,000 after acquiring an additional 10,642 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in Curtiss-Wright during the third quarter worth $230,000. Finally, Franklin Resources Inc. raised its position in Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.