Curtiss-Wright (NYSE:CW) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Curtiss-Wright Co. (NYSE:CW) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $324.32 and traded as high as $361.19. Curtiss-Wright shares last traded at $354.87, with a volume of 105,016 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CW. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial upped their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Stock Down 0.8 %

The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $364.61 and a 200-day simple moving average of $324.53. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

Institutional investors have recently modified their holdings of the company. Tsfg LLC lifted its holdings in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares during the period. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter valued at $53,000. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright during the third quarter worth $59,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the third quarter worth $69,000. Institutional investors and hedge funds 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.