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

Curtiss-Wright Co. (NYSE:CW - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 438,900 shares, a growth of 17.8% from the February 13th total of 372,600 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 313,800 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

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

Curtiss-Wright Trading Down 0.6 %

NYSE CW traded down $1.84 during trading on Friday, hitting $325.62. The company had a trading volume of 680,352 shares, compared to its average volume of 250,536. Curtiss-Wright has a one year low of $246.43 and a one year high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company's fifty day moving average is $337.26 and its 200-day moving average is $345.53. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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, sell-side analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright's payout ratio is 7.96%.

Insider Activity

In other news, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

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

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.