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

Curtiss-Wright Co. (NYSE:CW - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 323,500 shares, a growth of 57.4% from the March 31st total of 205,500 shares. Approximately 0.9% of the company's stock are short sold. Based on an average daily volume of 194,100 shares, the short-interest ratio is currently 1.7 days.

Curtiss-Wright Stock Up 0.2 %

Curtiss-Wright stock traded up $0.52 during trading hours on Friday, hitting $254.01. The company had a trading volume of 137,055 shares, compared to its average volume of 185,580. The firm has a market capitalization of $9.72 billion, a P/E ratio of 27.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm's fifty day moving average is $246.71 and its 200-day moving average is $226.76. Curtiss-Wright has a fifty-two week low of $157.72 and a fifty-two week high of $261.46.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. During the same quarter in the prior year, the business posted $2.92 EPS. Curtiss-Wright's quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts forecast that Curtiss-Wright will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.31%. Curtiss-Wright's dividend payout ratio (DPR) is 8.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Truist Financial reissued a "hold" rating and set a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Finally, StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $260.25.

Insider Transactions at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares of the company's stock, valued at approximately $3,985,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the completion of the transaction, the chief financial officer now owns 10,052 shares in the company, valued at approximately $2,448,164.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company's stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.67% of the company's stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company's stock worth $33,000 after buying an additional 52 shares during the period. Signaturefd LLC boosted its holdings in Curtiss-Wright by 18.4% in the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company's stock valued at $72,000 after purchasing an additional 57 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company's stock valued at $1,450,000 after purchasing an additional 59 shares during the period. Montag A & Associates Inc. boosted its holdings in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 61 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in Curtiss-Wright by 2.5% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company's stock valued at $556,000 after purchasing an additional 61 shares during the period. 82.71% of the stock is owned by institutional investors.

About Curtiss-Wright

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.