Paul J. Ferdenzi Acquires 34 Shares of Curtiss-Wright Co. (NYSE:CW) Stock

Curtiss-Wright Co. (NYSE:CW) insider Paul J. Ferdenzi bought 34 shares of Curtiss-Wright stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of $304.12 per share, with a total value of $10,340.08. Following the acquisition, the insider now owns 16,022 shares of the company’s stock, valued at $4,872,610.64. This trade represents a 0.21 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Curtiss-Wright Stock Up 0.3 %

CW stock opened at $350.64 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a 12 month low of $212.05 and a 12 month high of $393.40. The firm has a market capitalization of $13.31 billion, a PE ratio of 33.17, a P/E/G ratio of 2.96 and a beta of 1.19. The company’s 50 day simple moving average is $364.85 and its 200-day simple moving average is $326.44.

Curtiss-Wright Announces Dividend

The business 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. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Truist Financial boosted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently made changes to their positions in the stock. Tsfg LLC increased its position in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $53,000. Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the third quarter worth about $59,000. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.