Curtiss-Wright Corporation (CW) Short Interest Up 46.0% in December

Curtiss-Wright Corporation (NYSE:CW) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 825,256 shares, an increase of 46.0% from the November 30th total of 565,430 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average trading volume of 293,883 shares, the days-to-cover ratio is presently 2.8 days.

Several research firms have recently commented on CW. Stifel Nicolaus reiterated a “hold” rating and set a $117.00 target price on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. SunTrust Banks reiterated a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright in a research note on Friday, October 20th. Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $125.00 target price on shares of Curtiss-Wright in a research note on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Curtiss-Wright currently has a consensus rating of “Buy” and an average price target of $129.86.

Curtiss-Wright (NYSE:CW) opened at $122.64 on Thursday. Curtiss-Wright has a one year low of $82.77 and a one year high of $125.00. The stock has a market capitalization of $5,377.16, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.90 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The firm had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. During the same period last year, the business posted $1.02 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts predict that Curtiss-Wright will post 4.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.45%.

In other news, VP Paul J. Ferdenzi sold 2,651 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $111.00, for a total transaction of $294,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert E. Smith sold 1,700 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,281 shares of company stock valued at $6,516,566. 1.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CW. Capital Research Global Investors bought a new position in Curtiss-Wright during the second quarter worth $42,330,000. Boston Partners lifted its stake in Curtiss-Wright by 44.8% during the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after purchasing an additional 421,332 shares during the last quarter. Voya Investment Management LLC increased its position in Curtiss-Wright by 137.8% in the second quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock worth $53,641,000 after buying an additional 338,718 shares during the period. Prudential Financial Inc. increased its position in Curtiss-Wright by 51.0% in the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after buying an additional 167,135 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Curtiss-Wright in the third quarter worth $16,027,000. Hedge funds and other institutional investors own 76.17% of the company’s stock.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

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