Shorts On Watch: Curtiss Wright Corporation (NYSE:CW) Shorts Decreased by 25.27% After Short Covering

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Shorts On Watch: Curtiss Wright Corporation (NYSE:CW) Shorts Decreased by 25.27% After Short Covering

The stock of Curtiss Wright Corporation (NYSE:CW) registered a decrease of 25.27% in short interest. CW’s total short interest was 548,000 shares in November as published by FINRA. Its down 25.27% from 733,300 shares, reported previously. With 299,700 shares average volume, it will take short sellers 2 days to cover their CW’s short positions. The short interest to Curtiss Wright Corporation’s float is 1.25%. About 152,592 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 30.00% since April 27, 2016 and is uptrending. It has outperformed by 24.77% the S&P500.

Curtiss-Wright Corporation is a provider of engineered services and products to the commercial, defense, energy and industrial markets. The company has a market cap of $4.48 billion. The Firm operates through three divisions: Commercial/Industrial, which provides a diversified offering of engineered services and products supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market. It has a 24.2 P/E ratio. The Company’s manufacturing facilities are located in the United States in New York, Ohio, and Pennsylvania, and internationally in Canada and the United Kingdom.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.38, from 1.44 in 2016Q1. The ratio dropped, as 17 funds sold all Curtiss-Wright Corp. shares owned while 65 reduced positions. 41 funds bought stakes while 77 increased positions. They now own 33.76 million shares or 3.77% less from 35.08 million shares in 2016Q1.
Raymond James & Associate has 65,884 shares for 0.02% of their US portfolio. Bnp Paribas Invest Ptnrs Sa has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Invesco Ltd holds 0.01% or 172,069 shares in its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 11,300 shares. Moreover, Profund Advsr Ltd has 0.03% invested in Curtiss-Wright Corp. (NYSE:CW) for 8,378 shares. Icon Advisers Com accumulated 0.04% or 6,349 shares. Whittier has 0.05% invested in the company for 14,561 shares. Blackrock holds 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 27,935 shares. Fmr Lc has 0.01% invested in the company for 1.23 million shares. State Street owns 1.55 million shares or 0.01% of their US portfolio. Moreover, Neuberger Berman Group Ltd Limited Liability Company has 0% invested in Curtiss-Wright Corp. (NYSE:CW) for 3,538 shares. Royal Savings Bank Of Canada has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). State Treasurer State Of Michigan accumulated 17,900 shares or 0.01% of the stock. Winslow Evans & Crocker Inc has 0% invested in the company for 38 shares. Mesirow Finance Mngmt, a Alabama-based fund reported 302,815 shares.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 13 selling transactions for $10.83 million net activity. Shares for $763,130 were sold by Quinly Tom P on Thursday, August 18. $65,402 worth of Curtiss-Wright Corp. (NYSE:CW) shares were sold by SIHLER WILLIAM W DR. On Friday, September 2 the insider Nathman John B sold $544,631. $553,021 worth of shares were sold by Adams David Charles on Monday, November 14. Ferdenzi Paul J sold 1,888 shares worth $183,355. FULLER S MARCE sold $817,541 worth of stock. TYNAN GLENN E had sold 5,732 shares worth $556,713.

Curtiss-Wright Corp. (NYSE:CW) Ratings Coverage

Out of 3 analysts covering Curtiss-Wright (NYSE:CW), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Curtiss-Wright has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Curtiss-Wright Corp. (NYSE:CW) has “Neutral” rating given on Friday, November 11 by CL King. CL King initiated the shares of CW in a report on Friday, October 16 with “Buy” rating. The firm has “Neutral” rating given on Friday, November 11 by Bank of America. Deutsche Bank maintained the shares of CW in a report on Monday, June 13 with “Buy” rating. The stock has “Buy” rating given by Deutsche Bank on Friday, July 31.

CW Company Profile

Curtiss-Wright Corporation, incorporated on August 9, 1929, is a well-known provider of engineered services and products to the commercial, defense, energy and industrial markets. The Firm operates through three divisions: Commercial/Industrial, Defense and Power. The Company’s manufacturing facilities are located in the United States in New York, Ohio, and Pennsylvania, and internationally in Canada and the United Kingdom. The Firm has approximately 180 facilities, including over four corporate and shared-services facilities. The Firm supplies its services and products to original equipment manufacturers (OEMs) and aftermarket industrial customers, including the transportation, commercial trucking, off-road equipment, agriculture, construction, automotive, chemical and gas and oil industries. It also produces valves for the power and process industries.

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