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Curtiss-Wright Co. (NYSE:CW) Short Interest Update

Defense World · Oct 3, 2022 03:01

Curtiss-Wright Co. (NYSE:CW – Get Rating) saw 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. Currently, 2.7% of the company's stock are short sold. Based on an average daily trading volume, of 165,400 shares, the short-interest ratio is currently 6.1 days.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Thursday, September 22nd. 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. Finally, Truist Financial reduced their price target on shares of Curtiss-Wright from $167.00 to $166.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th.

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Curtiss-Wright Price Performance

CW opened at $139.16 on Monday. 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 fifty-two week low of $123.84 and a fifty-two week high of $162.98. The company's 50-day moving average price is $144.97 and its 200 day moving average price is $142.80. The company has a quick ratio of 0.90, a current ratio of 1.36 and a debt-to-equity ratio of 0.54.

Curtiss-Wright (NYSE:CW – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The aerospace company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $609.36 million for the quarter, compared to analyst estimates of $604.85 million. Curtiss-Wright had a net margin of 10.50% and a return on equity of 15.77%. As a group, sell-side analysts expect that Curtiss-Wright will post 8.23 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $557,000. Captrust Financial Advisors increased its stake in shares of Curtiss-Wright by 188.1% in the second quarter. Captrust Financial Advisors now owns 35,034 shares of the aerospace company's stock valued at $4,633,000 after purchasing an additional 22,873 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Curtiss-Wright by 11.9% in the second quarter. Goldman Sachs Group Inc. now owns 171,841 shares of the aerospace company's stock valued at $22,693,000 after purchasing an additional 18,274 shares during the period. Advisory Research Inc. increased its stake in shares of Curtiss-Wright by 32.3% in the second quarter. Advisory Research Inc. now owns 4,283 shares of the aerospace company's stock valued at $566,000 after purchasing an additional 1,045 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Curtiss-Wright by 12.9% during the second quarter. Jane Street Group LLC now owns 24,387 shares of the aerospace company's stock valued at $3,221,000 after acquiring an additional 2,788 shares during the period. Institutional investors and hedge funds 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.