3,792 Shares in Curtiss-Wright Corporation $CW Purchased by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO acquired a new stake in Curtiss-Wright Corporation, purchasing 3,792 shares valued at approximately $1,853,000 during the second quarter.
• Curtiss-Wright recently reported a quarterly earnings per share (EPS) of $3.23, exceeding analysts' expectations of $3.13, alongside a revenue of $876.58 million.
• The company has announced a quarterly dividend of $0.24 per share, with an annualized yield of 0.2%, set to be paid on October 10th.

Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,792 shares of the aerospace company's stock, valued at approximately $1,853,000.

A number of other large investors have also added to or reduced their stakes in the company. West Oak Capital LLC bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at approximately $49,000. Counterpoint Mutual Funds LLC purchased a new stake in Curtiss-Wright during the second quarter valued at $783,000. CHICAGO TRUST Co NA bought a new position in Curtiss-Wright during the second quarter valued at $218,000. LaFleur & Godfrey LLC grew its stake in shares of Curtiss-Wright by 3,161.9% in the 2nd quarter. LaFleur & Godfrey LLC now owns 22,344 shares of the aerospace company's stock worth $10,916,000 after buying an additional 21,659 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Curtiss-Wright by 28.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,051 shares of the aerospace company's stock worth $513,000 after buying an additional 233 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

CW stock opened at $518.10 on Tuesday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $525.84. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 3.15 and a beta of 1.15. The business's fifty day simple moving average is $490.43 and its two-hundred day simple moving average is $425.48. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 earnings per share. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright's dividend payout ratio (DPR) is 8.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.