Is Curtiss-Wright Corp. (CW) A Good Stock To Buy?

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Intriguingly, Matthew Tewksbury’s Stevens Capital Management cut the biggest stake of all the hedgies followed by Insider Monkey, valued at about $0.3 million in stock. Gavin Saitowitz and Cisco J. del Valle’s fund, Springbok Capital, also dropped its stock. These moves are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Curtiss-Wright Corp. (NYSE:CW) but similarly valued. We will take a look at Firstmerit Corp (NASDAQ:FMER), Regal Entertainment Group (NYSE:RGC), Stifel Financial Corp. (NYSE:SF), and Seadrill Ltd (NYSE:SDRL). All of these stocks’ market caps match CW’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FMER 12 52004 1
RGC 20 102936 1
SF 19 218215 3
SDRL 23 108924 5

As you can see these stocks had an average of 18.5 hedge funds with bullish positions and the average amount invested in these stocks was $121 million. That figure was $270 million in CW’s case. Seadrill Ltd (NYSE:SDRL) is the most popular stock in this table. On the other hand Firstmerit Corp (NASDAQ:FMER) is the least popular one with only 12 bullish hedge fund positions. Curtiss-Wright Corp. (NYSE:CW) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SDRL might be a better candidate to consider a long position.

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