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

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

Curtiss-Wright Price Performance

NYSE CW opened at $347.78 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. Curtiss-Wright has a 1-year low of $194.46 and a 1-year high of $349.95. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 35.82 and a beta of 1.18. The business’s fifty day moving average price is $313.65 and its 200-day moving average price is $285.82.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Wall Street Analyst Weigh In

CW has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus upped 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. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $307.50.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CW. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $32,000. Finally, UMB Bank n.a. raised its position in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. 82.71% of the stock is currently owned by institutional investors.

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.