752 Shares in Curtiss-Wright Corporation $CW Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW) in the first quarter, HoldingsChannel.com reports. The firm purchased 752 shares of the aerospace company’s stock, valued at approximately $512,000.

Other large investors also recently bought and sold shares of the company. Visualize Group LP raised its stake in shares of Curtiss-Wright by 32.5% during the first quarter. Visualize Group LP now owns 40,816 shares of the aerospace company’s stock valued at $27,801,000 after purchasing an additional 10,014 shares during the period. Weiss Asset Management LP purchased a new position in shares of Curtiss-Wright in the first quarter valued at $4,151,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Curtiss-Wright in the first quarter valued at $330,000. Themes Management Co LLC boosted its stake in shares of Curtiss-Wright by 68.0% in the first quarter. Themes Management Co LLC now owns 1,850 shares of the aerospace company’s stock valued at $1,260,000 after purchasing an additional 749 shares during the period. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in Curtiss-Wright during the 1st quarter valued at $243,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CW has been the topic of several analyst reports. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Morgan Stanley restated an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $773.67.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $716.25 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16. The company has a fifty day moving average price of $745.86 and a two-hundred day moving average price of $710.81. The company has a market cap of $26.46 billion, a PE ratio of 52.47, a P/E/G ratio of 3.11 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same period in the prior year, the company earned $2.82 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Corporation will post 15.22 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.62%.

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.