Curtiss-Wright Co. (NYSE:CW) Short Interest Up 36.3% in November

Curtiss-Wright Co. (NYSE:CW) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 400,500 shares, a growth of 36.3% from the November 15th total of 293,800 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 265,000 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 28,688 shares of the company’s stock, valued at approximately $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. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after acquiring an additional 301,394 shares during the period. Congress Asset Management Co. boosted its stake in shares of Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright during the 2nd quarter valued at $41,383,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright during the third quarter worth about $47,220,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.2 %

NYSE:CW traded up $0.65 on Friday, hitting $366.92. The stock had a trading volume of 173,687 shares, compared to its average volume of 226,525. Curtiss-Wright has a 1 year low of $212.05 and a 1 year high of $393.40. The firm’s fifty day simple moving average is $362.34 and its two-hundred day simple moving average is $316.84. 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 stock has a market cap of $13.92 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CW shares. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Truist Financial upped their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $379.00.

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.