Curtiss-Wright (NYSE:CW) Trading Down 7.3% – Time to Sell?

Curtiss-Wright Co. (NYSE:CW)’s share price dropped 7.3% on Thursday . The company traded as low as $356.16 and last traded at $357.36. Approximately 250,550 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 222,732 shares. The stock had previously closed at $385.42.

Analyst Ratings Changes

CW has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. 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 upped their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.60.

Curtiss-Wright Stock Performance

The company has a market cap of $13.60 billion, a PE ratio of 33.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm’s 50 day moving average is $342.77 and its 200-day moving average is $303.37.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on 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 sale, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Curtiss-Wright by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,491 shares of the aerospace company’s stock worth $638,000 after acquiring an additional 194 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after buying an additional 53 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Curtiss-Wright by 140.3% during the 1st quarter. Russell Investments Group Ltd. now owns 36,276 shares of the aerospace company’s stock worth $9,284,000 after buying an additional 21,182 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Curtiss-Wright during the 1st quarter worth approximately $355,000. Finally, Vanguard Group Inc. lifted its holdings in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares in the last quarter. Hedge funds and other 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.