Curtiss-Wright Co. (NYSE:CW) Short Interest Up 12.4% in July

Curtiss-Wright Co. (NYSE:CW) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 215,400 shares, a growth of 12.4% from the July 15th total of 191,700 shares. Based on an average daily trading volume, of 233,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

Curtiss-Wright Price Performance

Shares of CW opened at $301.22 on Monday. The company has a 50 day moving average of $279.07 and a two-hundred day moving average of $262.54. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a twelve month low of $190.64 and a twelve month high of $303.57. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 31.02 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the prior year, the business posted $2.15 EPS. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts predict that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The disclosure for this sale can be found here. In the last three months, insiders have acquired 120 shares of company stock valued at $27,914 and have sold 14,215 shares valued at $4,011,165. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at about $1,894,000. SG Americas Securities LLC lifted its position in shares of Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after buying an additional 14,979 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Curtiss-Wright by 38.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Curtiss-Wright in the 1st quarter valued at $5,007,000. Finally, Norden Group LLC increased its holdings in Curtiss-Wright by 1,032.2% in the 1st quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock worth $5,814,000 after acquiring an additional 20,706 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CW shares. Morgan Stanley upped their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial upped their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $307.50.

Curtiss-Wright Company Profile

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.