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

Curtiss-Wright Co. (NYSE:CW)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Alembic Global Advisors assumed coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued 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 five have issued a buy rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Stock Down 0.8 %

The firm has a 50-day moving average of $364.61 and a 200 day moving average of $324.53. The stock has a market capitalization 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. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors 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 dividend payout ratio (DPR) is presently 7.95%.

Insider Buying and Selling

In related news, 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 transaction of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 29 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after acquiring an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 37 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of Curtiss-Wright by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock valued at $1,442,000 after acquiring an additional 45 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.