Curtiss-Wright Co. (NYSE:CW) Short Interest Down 7.5% in December

Curtiss-Wright Co. (NYSE:CW) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 341,700 shares, a decline of 7.5% from the December 15th total of 369,300 shares. Based on an average daily volume of 269,200 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the company’s shares are short sold.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 116 shares of company stock valued at $35,278 in the last ninety days. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC purchased a new stake in Curtiss-Wright during the 2nd quarter valued at about $3,025,000. MML Investors Services LLC boosted its holdings in shares of Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after acquiring an additional 1,754 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Curtiss-Wright in the third quarter worth approximately $542,000. Fisher Asset Management LLC grew its stake in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Curtiss-Wright by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock valued at $39,161,000 after purchasing an additional 10,642 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of analyst reports. Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $383.00.

Curtiss-Wright Trading Up 0.3 %

CW stock traded up $0.97 on Friday, reaching $366.88. The company’s stock had a trading volume of 151,169 shares, compared to its average volume of 247,136. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The business has a fifty day simple moving average of $363.91 and a two-hundred day simple moving average of $330.89. The firm has a market cap of $13.92 billion, a PE ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19. Curtiss-Wright has a 12-month low of $220.90 and a 12-month high of $393.40.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

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.