Curtiss-Wright Corp. (NYSE:CW) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 690,100 shares, a growth of 18.3% from the January 15th total of 583,200 shares. Based on an average trading volume of 190,900 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.6% of the shares of the stock are short sold.
Curtiss-Wright stock traded down $1.56 during trading hours on Friday, hitting $146.54. The stock had a trading volume of 101,766 shares, compared to its average volume of 170,580. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.19 and a quick ratio of 1.52. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.33 and a beta of 1.15. Curtiss-Wright has a 1-year low of $108.96 and a 1-year high of $149.90. The stock’s fifty day moving average is $145.93 and its two-hundred day moving average is $134.66.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, March 25th. Curtiss-Wright’s dividend payout ratio (DPR) is 10.68%.
In other Curtiss-Wright news, CEO David Charles Adams sold 4,185 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $140.29, for a total value of $587,113.65. Following the completion of the transaction, the chief executive officer now owns 59,722 shares in the company, valued at $8,378,399.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Harry Jakubowitz sold 282 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $140.35, for a total value of $39,578.70. Following the completion of the transaction, the vice president now owns 21,194 shares of the company’s stock, valued at approximately $2,974,577.90. The disclosure for this sale can be found here. Insiders sold 11,804 shares of company stock valued at $1,661,899 in the last quarter. 0.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of CW. First Republic Investment Management Inc. boosted its stake in shares of Curtiss-Wright by 20.8% during 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 during the last quarter. UBS Asset Management Americas Inc. boosted 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 acquiring an additional 2,686 shares during the last quarter. GHP Investment Advisors Inc. boosted 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 acquiring an additional 1,300 shares during the last quarter. UBS Group AG boosted its stake in shares of Curtiss-Wright by 63.4% during the fourth quarter. UBS Group AG now owns 70,794 shares of the aerospace company’s stock valued at $9,974,000 after acquiring an additional 27,464 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of Curtiss-Wright by 6.1% during the fourth quarter. Maverick Capital Ltd. now owns 9,767 shares of the aerospace company’s stock valued at $1,376,000 after acquiring an additional 561 shares during the last quarter. 76.87% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. Stifel Nicolaus set a $150.00 target price on Curtiss-Wright and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, UBS Group raised Curtiss-Wright from a “neutral” rating to a “buy” rating and upped their target price for the company from $145.00 to $165.00 in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $145.80.
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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