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Curtiss-Wright Co. (NYSE:CW) Sees Large Growth in Short Interest

Financial News Live · Oct 2, 2022 16:11

Curtiss-Wright Co. (NYSE:CW – Get Rating) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,010,000 shares, an increase of 25.8% from the August 31st total of 802,600 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 165,400 shares, the days-to-cover ratio is presently 6.1 days.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $168.00 to $155.00 in a research report on Monday, July 18th. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Thursday, September 22nd. Finally, Truist Financial lowered their price target on shares of Curtiss-Wright from $167.00 to $166.00 and set a "buy" rating for the company in a report on Tuesday, July 19th.

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Curtiss-Wright Trading Down 0.7 %

CW stock traded down $0.95 during midday trading on Friday, reaching $139.16. The stock had a trading volume of 285,500 shares, compared to its average volume of 196,120. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 21.34 and a beta of 1.29. Curtiss-Wright has a twelve month low of $123.84 and a twelve month high of $162.98. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $144.97 and a two-hundred day simple moving average of $142.84.

Curtiss-Wright (NYSE:CW – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The aerospace company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $609.36 million during the quarter, compared to analysts' expectations of $604.85 million. Curtiss-Wright had a net margin of 10.50% and a return on equity of 15.77%. As a group, research analysts expect that Curtiss-Wright will post 8.23 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Curtiss-Wright's dividend payout ratio is currently 11.66%.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Teachers Retirement System of The State of Kentucky boosted its position in shares of Curtiss-Wright by 4.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,380 shares of the aerospace company's stock worth $2,610,000 after purchasing an additional 814 shares in the last quarter. Profund Advisors LLC grew its stake in Curtiss-Wright by 25.7% in the first quarter. Profund Advisors LLC now owns 2,454 shares of the aerospace company's stock valued at $368,000 after acquiring an additional 501 shares during the period. TownSquare Capital LLC bought a new stake in shares of Curtiss-Wright in the first quarter worth about $494,000. Whittier Trust Co. raised its position in shares of Curtiss-Wright by 5.3% during the first quarter. Whittier Trust Co. now owns 36,216 shares of the aerospace company's stock worth $5,438,000 after purchasing an additional 1,810 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Curtiss-Wright by 82.3% during the 1st quarter. Russell Investments Group Ltd. now owns 6,759 shares of the aerospace company's stock valued at $1,013,000 after purchasing an additional 3,052 shares in the last quarter. Institutional investors own 84.77% of the company's stock.

About Curtiss-Wright

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Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.