Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 821 Shares of Curtiss-Wright Corporation $CW

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 21.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,971 shares of the aerospace company’s stock after selling 821 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Curtiss-Wright were worth $1,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foundations Investment Advisors LLC increased its stake in shares of Curtiss-Wright by 5.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 792 shares of the aerospace company’s stock valued at $430,000 after buying an additional 44 shares during the period. TD Waterhouse Canada Inc. increased its position in Curtiss-Wright by 6.0% in the third quarter. TD Waterhouse Canada Inc. now owns 12,084 shares of the aerospace company’s stock worth $6,570,000 after purchasing an additional 680 shares during the period. AustralianSuper Pty Ltd bought a new stake in Curtiss-Wright during the 3rd quarter worth about $12,922,000. Federated Hermes Inc. lifted its position in Curtiss-Wright by 18.1% during the 3rd quarter. Federated Hermes Inc. now owns 5,630 shares of the aerospace company’s stock valued at $3,057,000 after purchasing an additional 863 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Curtiss-Wright by 3.3% in the 3rd quarter. Truist Financial Corp now owns 13,842 shares of the aerospace company’s stock valued at $7,515,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $663.78 on Friday. The stock has a 50 day simple moving average of $585.07 and a 200 day simple moving average of $543.13. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $673.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The firm has a market capitalization of $24.48 billion, a PE ratio of 54.10, a P/E/G ratio of 3.03 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same quarter in the previous year, the firm posted $2.89 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $612.33.

Insider Activity

In related news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the sale, the executive vice president owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 513 shares of company stock worth $302,586 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.