In November, the level of short interest in Curtiss-Wright Co. (NYSE: C.W.) decreased substantially. Short positions totaled 763,700 shares as of November 15, down from 904,600 overall as of October 31 by 15.6%. The short-interest ratio is currently 3.7 days, with 208,000 shares exchanged on average per day. 2.0% of the company’s shares have been sold short.
The business also just disclosed a quarterly dividend paid on December 1. On November 23, stockholders who owned shares received a dividend of $0.19 per share. The $0.76, or 0.42%, the yearly dividend yield on this is The ex-dividend day fell on Tuesday, November 22. Curtiss-Wright’s current dividend payout ratio (DPR) is 11.29%.
Friday lunchtime saw a $1.86 increase in the price of Curtiss-Wright stock, bringing it to $180.35. The stock traded for 261,328 shares as opposed to the average of 185,342 shares. The company’s debt-to-equity ratio, quick ratio, and current ratio are all 0.61, 1.08, and 1.68, respectively. The 52-week low and high prices for the companies are $124.37 and $182.55, respectively. The moving averages for the company over the past 250 days are $148.44 and $163.40, respectively. The company is valued at $6.91 billion, has a P.E. ratio of 26.80, and a beta of 1.27.
Several institutional investors recently changed the percentage of shares they were holding. Polaris Capital Management LLC boosted its stake in Curtiss-Wright by 6,672.6% during the second quarter. With a total of 704,355 shares, worth $53,813,000, Polaris Capital Management LLC currently owns 693,955 more in the aerospace industry than it did three months ago. During the first quarter, BlackRock Inc. grew its stake in Curtiss-Wright by 18.8%. BlackRock Inc. now owns the aerospace industry’s stock for $645,770,000. Following the acquisition of an additional 680,850 shares, this happens. Victory Capital Management Inc. boosted its stake in Curtiss-Wright by 794.2% during the second quarter. Over the past three months, Victory Capital Management Inc. has added 329,136 shares to its holdings in the aerospace company’s stock, totaling 370,580 shares worth $48,938,000. During the first quarter, Select Equity Group L.P. increased its holdings in Curtiss-Wright, resulting in a total investment of about $33,468,000.
Last but not least, Lord Abbett & Co. LLC grew its stake in Curtiss-Wright by 92.2% during the first quarter. Lord Abbett & Co. LLC now owns 409,802 shares in the aerospace business, valued at an increased $61,536,000. Hedge funds and other institutional investors hold 84.77% of the stock.
Research analysts have authored several publications about C.W. In a research note published on Wednesday, October 12, StockNews.com started keeping track of Curtiss-Wright shares. They rated the stock as a “buy.” Robert W. Baird raised their target price on shares of Curtiss-Wright from $157.00 to $186.00 in a research report released on Friday, November 4. Wolfe Research started keeping an eye on the shares of Curtiss-Wright in a research note released on Monday, October 10. The company has an “outperform” rating with a $170.00 price target. Morgan Stanley maintained its “overweight” rating for Curtiss-Wright in a research report released on Monday, November 7, while raising its target price for the stock from $180.00 to $187.00.
Last but not least, on Tuesday, October 11, Stifel Nicolaus raised Curtiss-Wright from a “hold” rating to a “buy” rating and raised their price target for the stock from $162.00 to $165.00. The company has an overall “buy” recommendation and an average target price of $174.00, according to data from Bloomberg.com. The stock has been rated as a buy by six analysts.
Curtiss-Wright Corporation, through its subsidiaries, provides designed products, services, and solutions to the global markets of aerospace, defense, general industry, and power generation. Its three operating segments are Aerospace & Industrial, Defense Electronics, and Naval & Power.