Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment Sells 2,664 Shares

Curtiss-Wright Co. (NYSE:CW) COO Kevin Rayment sold 2,664 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kevin Rayment also recently made the following trade(s):

• 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 Stock Up 1.9 %

CW stock opened at $351.17 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market cap of $13.33 billion, a PE ratio of 33.22, a P/E/G ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 12 month low of $224.18 and a 12 month high of $393.40. The firm has a 50 day simple moving average of $360.70 and a 200 day simple moving average of $338.60.

Curtiss-Wright Announces Dividend

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

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the stock. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the 4th quarter worth about $31,000. Tsfg LLC increased its stake in shares of 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 during the last quarter. UMB Bank n.a. raised its holdings in Curtiss-Wright by 303.8% during 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter worth about $53,000. Finally, Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $59,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CW. Morgan Stanley raised their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft started 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 on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

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.