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

Curtiss-Wright Co. (NYSE:CW) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 286,200 shares, a growth of 37.6% from the September 15th total of 208,000 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 253,200 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

CW has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Trading Up 0.6 %

CW traded up $2.07 during trading on Tuesday, reaching $349.82. 27,600 shares of the company’s stock were exchanged, compared to its average volume of 216,906. The firm has a fifty day moving average price of $313.65 and a two-hundred day moving average price of $285.82. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a one year low of $194.46 and a one year high of $349.99. The stock has a market capitalization of $13.40 billion, a PE ratio of 35.82 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period in the prior year, the firm posted $2.15 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after acquiring an additional 45 shares during the period. CIBC Asset Management Inc raised its holdings in Curtiss-Wright by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after buying an additional 46 shares during the last quarter. Dorsey Wright & Associates raised its holdings in Curtiss-Wright by 0.4% during the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after buying an additional 47 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Curtiss-Wright by 2.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after buying an additional 53 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Curtiss-Wright by 3.5% during the second quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.