GAMMA Investing LLC Acquires 258,950 Shares of Curtiss-Wright Co. (NYSE:CW)

GAMMA Investing LLC increased its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 44,878.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,527 shares of the aerospace company's stock after purchasing an additional 258,950 shares during the period. GAMMA Investing LLC owned approximately 0.69% of Curtiss-Wright worth $82,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Curtiss-Wright during the 4th quarter worth approximately $31,000. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $35,000. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $49,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in Curtiss-Wright during the fourth quarter worth about $70,000. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial decreased their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

Curtiss-Wright Trading Up 0.0%

CW traded up $0.02 during midday trading on Thursday, hitting $447.10. The company's stock had a trading volume of 28,779 shares, compared to its average volume of 300,829. The firm has a 50-day moving average price of $363.25 and a two-hundred day moving average price of $353.00. The firm has a market cap of $16.84 billion, a P/E ratio of 42.38, a PEG ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $453.02. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period in the prior year, the company posted $1.99 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.21%. Curtiss-Wright's dividend payout ratio is 8.54%.

Insider Transactions at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the sale, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,092 shares of company stock worth $3,783,319 in the last quarter. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Company Profile

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.