Curtiss-Wright (NYSE:CW) Stock Price Down 4.8% – Time to Sell?

Shares of Curtiss-Wright Co. (NYSE:CW) traded down 4.8% during mid-day trading on Tuesday . The stock traded as low as $366.20 and last traded at $366.46. 134,640 shares were traded during mid-day trading, a decline of 41% from the average session volume of 226,439 shares. The stock had previously closed at $385.02.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CW. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley increased 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. Alembic Global Advisors initiated 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. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Trading Up 1.9 %

The stock’s 50 day moving average is $364.09 and its 200-day moving average is $318.86. 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 company has a market capitalization of $13.34 billion, a P/E ratio of 33.25, a P/E/G 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend 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 is presently 7.95%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CW. Signaturefd LLC boosted its holdings in shares of Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 29 shares during the period. Tidal Investments LLC grew its holdings in Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 37 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after buying an additional 37 shares during the period. Finally, Pathstone Holdings LLC raised its stake in Curtiss-Wright by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after buying an additional 45 shares in the last quarter. Institutional investors 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.