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

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

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock worth $3,030,512. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $25,000. First Horizon Advisors Inc. increased its holdings in Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 132 shares in the last quarter. Montag A & Associates Inc. increased its holdings in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in Curtiss-Wright in the third quarter worth approximately $32,000. Finally, Creekmur Asset Management LLC bought a new stake in Curtiss-Wright in the fourth quarter worth approximately $32,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $254.01 on Friday. The business’s 50-day moving average price is $246.71 and its 200-day moving average price is $226.59. Curtiss-Wright has a 12 month low of $157.72 and a 12 month high of $261.46. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The company had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.92 earnings per share. Equities research analysts forecast that Curtiss-Wright will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. 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 dividend payout ratio is currently 8.70%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective 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 reissued a “hold” rating and set a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Robert W. Baird lifted their price target 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 stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $260.25.

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.