Top 5 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors

In this article, we will look at the top 5 aerospace stock picks of Mario Gabelli’s GAMCO Investors. If you want to read about Mario Gabelli’s hedge fund performance and why he is bullish on the aerospace sector, you can go to Top 10 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors.

5. Curtiss-Wright Corporation (NYSE:CW)

GAMCO Investors’ Stake Value: $29,191,000 

Percentage of GAMCO Investors’ 13F Portfolio: 0.32%

Number of Hedge Fund Holders: 21

Curtiss-Wright Corporation (NYSE:CW) is a leading global manufacturer and provider of engineered products, solutions, and services for the aerospace, defense, general industrial, and power generation markets. The company has three business divisions: Aerospace & Industrial, Defense Electronics, and Naval & Power.

On September 6, Curtiss-Wright Corporation (NYSE:CW) announced that it has secured contracts worth $120 million from the U.S. Navy, to develop generators for its next-generation Columbia-class submarine.

Wall Street analysts are bullish on Curtiss-Wright Corporation (NYSE:CW). This July, Stifel analyst Nathan Jones revised his price target on Curtiss-Wright Corporation (NYSE:CW) to $155 from $168 and maintained a Buy rating on the shares. On July 19, Truist analyst Michael Ciarmoli adjusted his price target on Curtiss-Wright Corporation (NYSE:CW) to $160 from $167 and reiterated a Buy rating on the shares.

At the end of Q2 2022, 21 hedge funds were long Curtiss-Wright Corporation (NYSE:CW) and held stakes worth $177.5 million. This is compared to 22 positions in the previous quarter with stakes worth $162.7 million. As of June 30, GAMCO Investors’ stakes in Curtiss-Wright Corporation (NYSE:CW) are valued at $29 million.