Short Interest in Curtiss-Wright Co. (NYSE:CW) Decreases By 7.5%

Curtiss-Wright Co. (NYSE:CW) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 341,700 shares, a decrease of 7.5% from the December 15th total of 369,300 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 269,200 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $383.00.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 116 shares of company stock valued at $35,278. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently modified their holdings of CW. Tsfg LLC raised its stake in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares during the period. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the 3rd quarter valued at approximately $59,000. Finally, Quarry LP boosted its holdings in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW traded up $0.97 during trading on Friday, hitting $366.88. 151,169 shares of the company traded hands, compared to its average volume of 247,136. Curtiss-Wright has a one year low of $220.90 and a one year high of $393.40. The stock’s fifty day moving average is $363.91 and its 200 day moving average is $331.72. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.92 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

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.