Curtiss-Wright Co. (NYSE:CW) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,036 shares of the aerospace company's stock after selling 15,800 shares during the quarter. 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 hedge funds have also recently made changes to their positions in the business. Atomi Financial Group Inc. bought a new position in Curtiss-Wright in the 4th quarter worth approximately $239,000. Truist Financial Corp increased its holdings in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock valued at $5,050,000 after acquiring an additional 825 shares during the last quarter. Athena Investment Management purchased a new stake in Curtiss-Wright in the 4th quarter worth $302,000. Daiwa Securities Group Inc. grew its position in shares of Curtiss-Wright by 1,694.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock valued at $4,210,000 after purchasing an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Curtiss-Wright by 28.9% in the fourth quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after buying an additional 34,489 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CW. 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. Truist Financial lowered their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday. Finally, Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company's stock in a transaction 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Down 0.5 %

Shares of CW traded down $1.47 during mid-day trading on Friday, reaching $318.51. 177,726 shares of the company's stock traded hands, compared to its average volume of 265,508. The stock's 50-day moving average is $318.90 and its two-hundred day moving average is $345.30. Curtiss-Wright Co. has a 12 month low of $249.14 and a 12 month high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market cap of $11.99 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

Curtiss-Wright 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.