Gamco Investors INC. ET AL Sells 4,560 Shares of Curtiss-Wright Corporation $CW

Gamco Investors INC. ET AL reduced its stake in Curtiss-Wright Corporation (NYSE:CW) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,447 shares of the aerospace company’s stock after selling 4,560 shares during the period. Curtiss-Wright accounts for approximately 0.8% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 17th biggest position. Gamco Investors INC. ET AL’s holdings in Curtiss-Wright were worth $85,444,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Signature Equity Partners LLC grew its stake in Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. Larson Financial Group LLC grew its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Curtiss-Wright in the 4th quarter valued at about $42,000. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% 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. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $749.68 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86. Curtiss-Wright Corporation has a twelve month low of $464.91 and a twelve month high of $808.16. The company has a 50-day simple moving average of $745.86 and a two-hundred day simple moving average of $706.41.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) 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 firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 15.22 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

CW has been the subject of a number of research analyst reports. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday. Finally, Citigroup upped their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

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.