Curtiss-Wright Co. (NYSE:CW) Short Interest Update

Curtiss-Wright Co. (NYSE:CW) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 438,900 shares, an increase of 17.8% from the February 13th total of 372,600 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 313,800 shares, the short-interest ratio is presently 1.4 days.

Curtiss-Wright Price Performance

Shares of CW stock traded up $6.36 on Wednesday, hitting $330.57. 70,454 shares of the company’s stock were exchanged, compared to its average volume of 249,596. 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 $12.45 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright has a 12 month low of $241.44 and a 12 month high of $393.40. The company has a 50 day moving average of $338.64 and a 200 day moving average of $345.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, equities research analysts predict that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright’s payout ratio is presently 7.96%.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Curtiss-Wright by 6.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock valued at $2,254,000 after purchasing an additional 405 shares in the last quarter. Park Square Financial Group LLC bought a new position in Curtiss-Wright during the fourth quarter valued at about $86,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $14,004,000. Ascent Group LLC boosted its position in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 33 shares during the period. Finally, Toronto Dominion Bank boosted its position in Curtiss-Wright by 95.2% during the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.