Rodgers Brothers Inc. Sells 250 Shares of Curtiss-Wright Co. (NYSE:CW)

Rodgers Brothers Inc. trimmed its stake in Curtiss-Wright Co. (NYSE:CW) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,065 shares of the aerospace company’s stock after selling 250 shares during the period. Rodgers Brothers Inc.’s holdings in Curtiss-Wright were worth $3,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC raised its position in Curtiss-Wright by 20.9% in the 3rd quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock worth $2,189,000 after purchasing an additional 1,152 shares during the period. Daiwa Securities Group Inc. increased its stake in Curtiss-Wright by 144.8% in the third quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 391 shares during the period. FMR LLC lifted its position in shares of Curtiss-Wright by 27.7% during the third quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock worth $52,612,000 after purchasing an additional 34,706 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Curtiss-Wright by 9.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,266 shares of the aerospace company’s stock valued at $39,530,000 after purchasing an additional 10,385 shares during the period. Finally, Walleye Capital LLC bought a new position in Curtiss-Wright in the 3rd quarter worth about $275,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Price Performance

Shares of CW stock opened at $316.74 on Monday. The stock’s 50-day moving average is $334.14 and its 200 day moving average is $346.94. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market cap of $11.93 billion, a P/E ratio of 30.02, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s payout ratio is 7.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.