Curtiss-Wright Co. (NYSE:CW) Short Interest Down 7.5% in December

Curtiss-Wright Co. (NYSE:CW) was the recipient 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. Based on an average daily volume of 269,200 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the shares of the company are sold short.

Analysts Set New Price Targets

CW has been the subject of several recent analyst reports. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $383.00.

Curtiss-Wright Trading Up 0.3 %

NYSE:CW traded up $0.97 during midday trading on Friday, hitting $366.88. 151,169 shares of the company traded hands, compared to its average volume of 247,136. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $363.91 and its 200-day moving average is $330.89. The firm has a market capitalization of $13.92 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.51 and a beta of 1.19. Curtiss-Wright has a 12-month low of $220.90 and a 12-month high of $393.40.

Curtiss-Wright Dividend Announcement

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

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were 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 in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 116 shares of company stock worth $35,278 in the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

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

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.