Curtiss-Wright Co. (NYSE:CW) Short Interest Update

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Truist Financial increased their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $383.00.

Curtiss-Wright Trading Up 0.3 %

Shares of Curtiss-Wright stock traded up $0.97 on Friday, hitting $366.88. The stock had a trading volume of 151,169 shares, compared to its average volume of 247,136. The stock has a 50 day moving average of $363.91 and a 200 day moving average of $331.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a twelve month low of $220.90 and a twelve month high of $393.40. The firm has a market capitalization of $13.92 billion, a P/E ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

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

Insider Transactions at Curtiss-Wright

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

Institutional Trading of Curtiss-Wright

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. International Assets Investment Management LLC boosted its position in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Franklin Resources Inc. grew its stake in Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after purchasing an additional 22,543 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after purchasing an additional 56,966 shares in the last quarter. 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.