Gabelli Funds LLC cut its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,036 shares of the aerospace company's stock after selling 15,800 shares during the period. Gabelli Funds LLC owned approximately 0.28% of Curtiss-Wright worth $38,339,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth $53,000. UMB Bank n.a. boosted its holdings in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the third quarter valued at about $69,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Curtiss-Wright by 85.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after purchasing an additional 105 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CW shares. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday. Citigroup decreased their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial cut their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $377.43.
Read Our Latest Stock Analysis on CW
Curtiss-Wright Stock Down 0.5 %
Shares of NYSE CW traded down $1.47 during trading on Friday, reaching $318.51. 177,726 shares of the stock were exchanged, compared to its average volume of 264,644. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The business's 50-day moving average price is $319.53 and its 200 day moving average price is $345.38. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $248.00 and a twelve month high of $393.40.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.
Curtiss-Wright Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.
Insiders Place Their Bets
In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,797 shares of company stock worth $7,436,255 in the last three months. 0.55% of the stock is owned by insiders.
Curtiss-Wright Profile
(
Free Report)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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