Gamco Investors INC. ET AL Sells 3,566 Shares of Curtiss-Wright Corporation $CW

Gamco Investors INC. ET AL lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 130,007 shares of the aerospace company’s stock after selling 3,566 shares during the period. Curtiss-Wright accounts for approximately 0.7% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 22nd largest holding. Gamco Investors INC. ET AL’s holdings in Curtiss-Wright were worth $71,669,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after acquiring an additional 17 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after acquiring an additional 17 shares during the period. Huntington National Bank boosted its holdings in shares of Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 18 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Curtiss-Wright by 3.5% during the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 23 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.4%

Shares of CW stock opened at $715.22 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $26.42 billion, a P/E ratio of 52.40, a price-to-earnings-growth ratio of 3.30 and a beta of 0.86. The stock has a 50 day simple moving average of $706.58 and a 200 day simple moving average of $642.27. Curtiss-Wright Corporation has a 1 year low of $405.43 and a 1 year high of $760.72.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. On average, research analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.03%.

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 918 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the sale, the chief financial officer directly owned 5,518 shares in the company, valued at $3,738,224.28. This represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 3,225 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the sale, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. The trade was a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,961 shares of company stock valued at $4,039,279. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup boosted their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $738.83.

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.