Gamco Investors INC. ET AL Sells 3,175 Shares of Curtiss-Wright Corporation $CW

Gamco Investors INC. ET AL lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 133,573 shares of the aerospace company’s stock after selling 3,175 shares during the quarter. Curtiss-Wright accounts for 0.7% of Gamco Investors INC. ET AL’s holdings, making the stock its 23rd biggest holding. Gamco Investors INC. ET AL owned approximately 0.36% of Curtiss-Wright worth $72,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $27,000. Penserra Capital Management LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $29,000. First Horizon Corp purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 652 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president owned 3,890 shares of the company’s stock, valued at $2,433,467.30. This trade represents a 14.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin Rayment sold 2,634 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the transaction, the chief operating officer owned 29,896 shares in the company, valued at approximately $18,724,761.68. This trade represents a 8.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,269 shares of company stock valued at $10,797,098. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CW shares. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Citigroup increased their price target on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Four research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright Trading Up 0.4%

NYSE CW opened at $681.58 on Friday. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 3.31 and a beta of 0.91. The company’s 50-day simple moving average is $650.99 and its two-hundred day simple moving average is $577.56.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.Curtiss-Wright’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.27 earnings per share. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is currently 7.46%.

Curtiss-Wright 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.