Curtiss-Wright Co. (NYSE:CW) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 686,400 shares, a drop of 25.4% from the March 15th total of 919,500 shares. Based on an average trading volume of 224,200 shares, the short-interest ratio is currently 3.1 days. Approximately 1.7% of the shares of the company are short sold.
A number of research analysts have issued reports on CW shares. Zacks Investment Research cut Curtiss-Wright from a "hold" rating to a "sell" rating and set a $114.00 price objective for the company. in a report on Tuesday, February 2nd. Robert W. Baird cut Curtiss-Wright from an "outperform" rating to a "neutral" rating and set a $119.00 price target for the company. in a report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of "Hold" and a consensus price target of $125.50.
NYSE CW traded up $0.81 during trading hours on Friday, reaching $125.54. 177,636 shares of the company's stock were exchanged, compared to its average volume of 221,618. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 22.50 and a beta of 1.52. The company's 50-day moving average is $119.34 and its two-hundred day moving average is $111.41. Curtiss-Wright has a one year low of $81.72 and a one year high of $126.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.37.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Tuesday, February 23rd. The aerospace company reported $2.39 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.34 by $0.05. Curtiss-Wright had a return on equity of 16.15% and a net margin of 9.96%. The company had revenue of $668.44 million during the quarter, compared to analyst estimates of $672.07 million. Research analysts predict that Curtiss-Wright will post 6.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Tuesday, March 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 29th. This represents a $0.68 annualized dividend and a yield of 0.54%. Curtiss-Wright's dividend payout ratio (DPR) is presently 9.35%.
In other Curtiss-Wright news, Chairman David Charles Adams sold 4,005 shares of Curtiss-Wright stock in a transaction on Friday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $453,966.75. Following the sale, the chairman now owns 64,070 shares in the company, valued at $7,262,334.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Jakubowitz sold 297 shares of Curtiss-Wright stock in a transaction on Friday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $33,664.95. Following the sale, the vice president now owns 22,326 shares in the company, valued at approximately $2,530,652.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,929 shares of company stock worth $3,322,834. 0.73% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC boosted its stake in shares of Curtiss-Wright by 2.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,872 shares of the aerospace company's stock worth $567,000 after acquiring an additional 100 shares during the period. Private Trust Co. NA boosted its stake in Curtiss-Wright by 2.4% during the fourth quarter. Private Trust Co. NA now owns 5,959 shares of the aerospace company's stock valued at $693,000 after buying an additional 139 shares during the last quarter. Strs Ohio boosted its stake in Curtiss-Wright by 0.3% during the third quarter. Strs Ohio now owns 53,552 shares of the aerospace company's stock valued at $4,994,000 after buying an additional 172 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Curtiss-Wright by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the aerospace company's stock valued at $1,257,000 after buying an additional 200 shares during the last quarter. Finally, Cardinal Capital Management raised its position in Curtiss-Wright by 2.6% during the fourth quarter. Cardinal Capital Management now owns 8,597 shares of the aerospace company's stock valued at $1,000,000 after purchasing an additional 218 shares during the period. Institutional investors own 78.67% of the company's stock.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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