Curtiss-Wright Co. (NYSE:CW) Sees Large Increase in Short Interest

Curtiss-Wright Co. (NYSE:CW - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 516,600 shares, an increase of 22.4% from the March 31st total of 422,000 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 312,200 shares, the days-to-cover ratio is currently 1.7 days.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,577 shares of company stock worth $9,109,255 in the last 90 days. 0.55% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Invesco Ltd. grew its stake in shares of Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares during the period. Geode Capital Management LLC lifted its position in Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after acquiring an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after acquiring an additional 6,971 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup dropped their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial cut their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Trading Up 2.1 %

CW stock traded up $7.20 during midday trading on Friday, hitting $357.48. The stock had a trading volume of 191,610 shares, compared to its average volume of 265,345. The company's 50-day moving average price is $321.17 and its 200 day moving average price is $344.97. 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 firm has a market cap of $13.46 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright has a 12-month low of $258.85 and a 12-month high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's payout ratio is currently 7.96%.

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.

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