Canandaigua National Bank & Trust Co. Cuts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Canandaigua National Bank & Trust Co. decreased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,429 shares of the aerospace company’s stock after selling 62 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Curtiss-Wright were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CW. Tsfg LLC boosted its position in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright in the 3rd quarter worth approximately $59,000. Finally, Quarry LP grew its position in Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 161 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.3 %

Curtiss-Wright stock opened at $350.64 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52 week low of $212.05 and a 52 week high of $393.40. The business’s 50-day moving average price is $364.85 and its 200 day moving average price is $326.44. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Wall Street Analysts Forecast Growth

CW has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. 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 on the stock. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Truist Financial increased their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $379.00.

Insider Buying and Selling

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock valued at $35,278. 0.67% of the stock is owned by company insiders.

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.