Curtiss-Wright Corporation $CW Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,836 shares of the aerospace company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.27% of Curtiss-Wright worth $54,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CW. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Curtiss-Wright in the third quarter valued at $2,781,000. Edmond DE Rothschild Holding S.A. lifted its position in Curtiss-Wright by 108.0% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 1,213 shares during the period. Inscription Capital LLC lifted its position in Curtiss-Wright by 248.3% during the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after buying an additional 1,820 shares during the period. Creative Planning boosted its stake in Curtiss-Wright by 30.4% in the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after buying an additional 1,300 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Curtiss-Wright by 914.7% in the 2nd quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock worth $10,103,000 after buying an additional 18,641 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 652 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total transaction of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares in the company, valued at $2,433,467.30. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 2,665 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer directly owned 7,358 shares of the company’s stock, valued at $4,608,536.14. The trade was a 26.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,269 shares of company stock valued at $10,797,098 over the last quarter. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $681.58 on Friday. The firm has a market capitalization of $25.13 billion, a PE ratio of 52.96, a P/E/G ratio of 3.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The business has a 50-day moving average of $650.99 and a two-hundred day moving average of $577.56. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. During the same period in the previous year, the company posted $3.27 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

About Curtiss-Wright

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.