Curtiss-Wright Co. (NYSE:CW) Short Interest Up 37.6% in September

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently modified their holdings of CW. Creative Planning boosted its position in Curtiss-Wright by 8.2% during the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after purchasing an additional 227 shares during the period. Ritholtz Wealth Management grew its position in shares of Curtiss-Wright by 9.0% during the third quarter. Ritholtz Wealth Management now owns 3,725 shares of the aerospace company’s stock worth $1,224,000 after acquiring an additional 308 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares during the period. CWM LLC lifted its position in Curtiss-Wright by 84.7% in the 3rd quarter. CWM LLC now owns 1,228 shares of the aerospace company’s stock valued at $404,000 after purchasing an additional 563 shares during the last quarter. Finally, Connective Portfolio Management LLC acquired a new position in Curtiss-Wright during the 3rd quarter valued at about $1,019,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 1.4 %

CW stock traded up $4.74 during midday trading on Tuesday, hitting $352.49. 60,316 shares of the company’s stock were exchanged, compared to its average volume of 217,070. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 35.82 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $313.65 and a 200-day moving average price of $285.82. Curtiss-Wright has a 12-month low of $194.46 and a 12-month high of $352.54.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. On average, analysts anticipate that Curtiss-Wright will post 10.56 EPS for the current year.

Curtiss-Wright Announces Dividend

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

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.