Curtiss-Wright Co. (NYSE:CW) Short Interest Update
Curtiss-Wright Co. (NYSE:CW – Get Free Report) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 401,400 shares, a growth of 17.4% from the November 15th total of 342,000 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 174,700 shares, the days-to-cover ratio is currently 2.3 days.
Curtiss-Wright Stock Performance
Shares of CW opened at $219.69 on Friday. Curtiss-Wright has a 52 week low of $156.76 and a 52 week high of $224.74. The company has a quick ratio of 1.30, a current ratio of 1.99 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 24.66 and a beta of 1.17. The business has a 50-day simple moving average of $208.88 and a two-hundred day simple moving average of $197.76.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.12. Curtiss-Wright had a net margin of 12.20% and a return on equity of 16.85%. The company had revenue of $724.33 million during the quarter, compared to analysts’ expectations of $682.88 million. During the same period last year, the company posted $2.07 earnings per share. Curtiss-Wright’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts expect that Curtiss-Wright will post 9.15 EPS for the current year.
Curtiss-Wright Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Tuesday, November 21st. Curtiss-Wright’s payout ratio is 8.98%.
Institutional Trading of Curtiss-Wright
Several hedge funds have recently modified their holdings of CW. First Horizon Advisors Inc. raised its stake in Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 132 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Curtiss-Wright by 119.1% during the 2nd quarter. Global Retirement Partners LLC now owns 149 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 81 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at approximately $28,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $32,000. 80.82% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CW. Stifel Nicolaus lifted their price target on Curtiss-Wright from $227.00 to $243.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Truist Financial lifted their price target on Curtiss-Wright from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Finally, StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $237.50.
Read Our Latest Research Report on Curtiss-Wright
About Curtiss-Wright (Get Free Report)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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Original: MarketBeat News Feed: Curtiss-Wright Co. (NYSE:CW) Short Interest Update