Gamco Investors INC. ET AL Has $45.31 Million Stock Holdings in Curtiss-Wright Corporation $CW

Key Points

• Gamco Investors INC. ET AL reduced its stake in Curtiss-Wright Corporation by 2.1%, now holding 142,813 shares valued at approximately $45.31 million as of its latest SEC filing.
• Insider trading activity showed VP John C. Watts sold 1,110 shares, indicating a 22.32% decrease in his position, while Director Bruce D. Hoechner sold 1,900 shares, reducing his stake by 29.58%.
• Curtiss-Wright reported strong quarterly earnings with $3.23 earnings per share, surpassing estimates, and a year-on-year revenue increase of 11.7% for the quarter.

Gamco Investors INC. ET AL cut its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,813 shares of the aerospace company's stock after selling 3,030 shares during the period. Gamco Investors INC. ET AL owned 0.38% of Curtiss-Wright worth $45,310,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after purchasing an additional 5,007 shares during the last quarter. Northern Trust Corp lifted its position in shares of Curtiss-Wright by 21.4% in the fourth quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock valued at $117,078,000 after buying an additional 58,207 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Curtiss-Wright by 3.0% in the fourth quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock valued at $103,474,000 after buying an additional 8,447 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Curtiss-Wright by 44,878.7% in the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after buying an additional 258,950 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,460 shares of company stock worth $1,586,767. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $478.93 on Tuesday. The stock has a market cap of $18.05 billion, a P/E ratio of 40.42, a PEG ratio of 2.95 and a beta of 1.18. The stock has a 50 day simple moving average of $484.45 and a 200 day simple moving average of $401.70. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.67 EPS. Research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Citigroup raised their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

About Curtiss-Wright

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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