Curtiss-Wright Co. (NYSE:CW) Short Interest Up 57.4% in April

Curtiss-Wright Co. (NYSE:CW) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 323,500 shares, an increase of 57.4% from the March 31st total of 205,500 shares. Based on an average daily trading volume, of 194,100 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CW. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus upped their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Truist Financial reiterated a “hold” rating and issued a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Finally, Robert W. Baird upped their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $260.25.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at $2,202,747.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Several large investors have recently added to or reduced their stakes in CW. Norges Bank acquired a new stake in Curtiss-Wright in the 4th quarter valued at approximately $113,885,000. Fiera Capital Corp acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $31,386,000. Public Employees Retirement Association of Colorado increased its position in shares of Curtiss-Wright by 1,901.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after purchasing an additional 142,863 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $31,816,000. Finally, Seizert Capital Partners LLC increased its position in shares of Curtiss-Wright by 674.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock valued at $21,877,000 after purchasing an additional 97,392 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.2 %

Shares of CW opened at $254.01 on Monday. The company has a market capitalization of $9.72 billion, a P/E ratio of 27.61 and a beta of 1.18. Curtiss-Wright has a one year low of $157.72 and a one year high of $261.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The stock has a 50-day moving average price of $246.71 and a 200 day moving average price of $226.90.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. During the same quarter last year, the business posted $2.92 EPS. Curtiss-Wright’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Curtiss-Wright will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

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.