Town & Country Bank & Trust CO dba First Bankers Trust CO Has $1.18 Million Stock Holdings in Curtiss-Wright Corporation $CW

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 40.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,737 shares of the aerospace company’s stock after selling 1,165 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Curtiss-Wright were worth $1,183,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in Curtiss-Wright by 10.6% during the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new position in Curtiss-Wright in the 2nd quarter valued at about $235,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC lifted its holdings in shares of Curtiss-Wright by 46.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

CW stock opened at $780.87 on Monday. The company has a 50 day simple moving average of $733.85 and a 200 day simple moving average of $672.83. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 57.21, a P/E/G ratio of 3.58 and a beta of 0.85. Curtiss-Wright Corporation has a 1 year low of $458.74 and a 1 year high of $800.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $2.82 earnings per share. Research analysts anticipate that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Insider Activity at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CW shares. Citigroup increased their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $746.67.

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.