Gabelli Funds LLC reduced its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 6.2% during the first quarter, Holdings Channel.com reports. The fund owned 94,662 shares of the aerospace company’s stock after selling 6,250 shares during the period. Gabelli Funds LLC’s holdings in Curtiss-Wright were worth $64,476,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright during the 4th quarter worth approximately $31,000. Larson Financial Group LLC lifted its position in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of 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 purchasing an additional 15 shares during the last quarter. Signature Equity Partners LLC boosted its stake in shares of 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 purchasing an additional 35 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $42,000. 82.71% of the stock is currently owned by institutional investors.
Curtiss-Wright Stock Performance
NYSE:CW 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. Curtiss-Wright Corporation has a twelve month low of $464.91 and a twelve month high of $808.16. The company has a fifty day moving average of $745.86 and a 200-day moving average of $706.41. The firm has a market capitalization of $27.69 billion, a P/E ratio of 54.92, a P/E/G ratio of 3.44 and a beta of 0.86.
Curtiss-Wright Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.
Insider Transactions at Curtiss-Wright
In related news, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred 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 completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. 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 3,119 shares of company stock valued at $2,257,998 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on CW shares. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday. Finally, Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.
Read Our Latest Stock Analysis on CW
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.
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