Curtiss-Wright Corp. (NYSE:CW) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 690,100 shares, an increase of 18.3% from the January 15th total of 583,200 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 190,900 shares, the short-interest ratio is currently 3.6 days.
In other Curtiss-Wright news, VP Harry Jakubowitz sold 282 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $140.35, for a total transaction of $39,578.70. Following the completion of the sale, the vice president now owns 21,194 shares of the company’s stock, valued at $2,974,577.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Charles Adams sold 4,185 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $140.29, for a total value of $587,113.65. Following the sale, the chief executive officer now directly owns 59,722 shares of the company’s stock, valued at approximately $8,378,399.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,804 shares of company stock worth $1,661,899. Insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Republic Investment Management Inc. grew its position in Curtiss-Wright by 20.8% in the fourth quarter. First Republic Investment Management Inc. now owns 2,231 shares of the aerospace company’s stock valued at $314,000 after acquiring an additional 384 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Curtiss-Wright by 4.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 58,633 shares of the aerospace company’s stock valued at $8,261,000 after purchasing an additional 2,686 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Curtiss-Wright by 3.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 35,587 shares of the aerospace company’s stock valued at $5,014,000 after purchasing an additional 1,300 shares during the period. UBS Group AG boosted its stake in shares of Curtiss-Wright by 63.4% in the fourth quarter. UBS Group AG now owns 70,794 shares of the aerospace company’s stock valued at $9,974,000 after purchasing an additional 27,464 shares during the period. Finally, Maverick Capital Ltd. boosted its stake in shares of Curtiss-Wright by 6.1% in the fourth quarter. Maverick Capital Ltd. now owns 9,767 shares of the aerospace company’s stock valued at $1,376,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 76.87% of the company’s stock.
Shares of Curtiss-Wright stock traded down $1.56 during trading hours on Friday, hitting $146.54. The company’s stock had a trading volume of 101,612 shares, compared to its average volume of 170,580. The business has a fifty day moving average of $145.93 and a 200 day moving average of $134.66. Curtiss-Wright has a 1-year low of $108.96 and a 1-year high of $149.90. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $6.29 billion, a PE ratio of 21.05, a P/E/G ratio of 2.33 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.68 dividend on an annualized basis and a yield of 0.46%. Curtiss-Wright’s dividend payout ratio (DPR) is 10.68%.
CW has been the topic of a number of research reports. UBS Group upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $165.00 in a report on Wednesday, January 15th. ValuEngine cut Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus set a $150.00 target price on Curtiss-Wright and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Curtiss-Wright currently has a consensus rating of “Buy” and a consensus target price of $145.80.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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