Gateway Wealth Partners LLC Makes New Investment in Curtiss-Wright Corporation $CW

Gateway Wealth Partners LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 752 shares of the aerospace company’s stock, valued at approximately $512,000.

Several other hedge funds have also made changes to their positions in CW. Transamerica Financial Advisors LLC lifted its position in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares during the period. IFP Advisors Inc grew its holdings in Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after buying an additional 16 shares during the period. Summit Financial LLC grew its holdings in Curtiss-Wright by 2.3% in the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after buying an additional 16 shares during the period. VestGen Investment Management increased its stake in shares of Curtiss-Wright by 0.9% during the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after acquiring an additional 17 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its stake in shares of Curtiss-Wright by 4.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the stock in a transaction 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 sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Up 5.4%

Shares of NYSE:CW opened at $716.25 on Friday. The stock has a 50-day simple moving average of $745.86 and a 200-day simple moving average of $710.81. The stock has a market capitalization of $26.46 billion, a P/E ratio of 52.47, a PEG ratio of 3.11 and a beta of 0.86. Curtiss-Wright Corporation has a 1 year low of $464.91 and a 1 year high of $808.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. Equities analysts forecast that Curtiss-Wright Corporation will post 15.22 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CW shares. Morgan Stanley reissued an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Citigroup increased their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $773.67.

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.