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

Curtiss-Wright Co. (NYSE:CW) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 438,900 shares, an increase of 17.8% from the February 13th total of 372,600 shares. Based on an average daily trading volume, of 313,800 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the company’s stock are short sold.

Insider Activity

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CW. Wealth Enhancement Advisory Services LLC boosted its position in Curtiss-Wright by 6.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock worth $2,254,000 after acquiring an additional 405 shares during the period. Park Square Financial Group LLC acquired a new position in Curtiss-Wright during the 4th quarter worth $86,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Curtiss-Wright during the 4th quarter worth $14,004,000. Ascent Group LLC raised its position in Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 33 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Curtiss-Wright by 95.2% in the 4th quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 432 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 2.0 %

Curtiss-Wright stock traded up $6.36 during midday trading on Wednesday, hitting $330.57. 70,454 shares of the company were exchanged, compared to its average volume of 249,596. The company’s fifty day moving average price is $338.64 and its 200-day moving average price is $345.39. The company has a market cap of $12.45 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright has a fifty-two week low of $241.44 and a fifty-two week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping 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, research analysts predict that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. Curtiss-Wright’s payout ratio is currently 7.96%.

Wall Street Analyst Weigh In

CW has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.