Q4 2023 EPS Estimates for Curtiss-Wright Co. Increased by Zacks Research (NYSE:CW)

Curtiss-Wright Co. (NYSE:CW) – Zacks Research upped their Q4 2023 EPS estimates for shares of Curtiss-Wright in a research note issued to investors on Tuesday, September 12th. Zacks Research analyst S. Kedia now expects that the aerospace company will post earnings per share of $3.04 for the quarter, up from their previous estimate of $3.03. The consensus estimate for Curtiss-Wright’s current full-year earnings is $9.08 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q1 2024 earnings at $1.73 EPS, Q4 2024 earnings at $2.90 EPS and Q1 2025 earnings at $2.12 EPS.

A number of other brokerages also recently weighed in on CW. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley raised shares of Curtiss-Wright from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $188.00 to $229.00 in a research note on Monday, August 7th. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. William Blair started coverage on shares of Curtiss-Wright in a research report on Friday, May 19th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $208.40.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $200.50 on Friday. The firm has a market cap of $7.68 billion, a PE ratio of 24.13 and a beta of 1.25. The firm’s fifty day moving average is $199.30 and its 200-day moving average is $181.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 2.11. Curtiss-Wright has a 52 week low of $136.21 and a 52 week high of $209.77.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 2nd. The aerospace company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.18. The firm had revenue of $704.40 million for the quarter, compared to analyst estimates of $648.77 million. Curtiss-Wright had a net margin of 11.77% and a return on equity of 16.58%.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in shares of Curtiss-Wright by 119.1% during the 2nd quarter. Global Retirement Partners LLC now owns 149 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Curtiss-Wright in the second quarter valued at about $28,000. Orion Capital Management LLC purchased a new stake in Curtiss-Wright in the first quarter valued at about $44,000. Wellington Shields & Co. LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at about $43,000. Finally, AXS Investments LLC purchased a new stake in Curtiss-Wright in the second quarter valued at about $48,000. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,064 shares of Curtiss-Wright stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $190.00, for a total transaction of $392,160.00. Following the transaction, the vice president now directly owns 17,082 shares of the company’s stock, valued at approximately $3,245,580. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP John C. Watts sold 224 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $207.63, for a total transaction of $46,509.12. Following the transaction, the vice president now owns 3,523 shares of the company’s stock, valued at approximately $731,480.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,064 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $190.00, for a total value of $392,160.00. Following the transaction, the vice president now directly owns 17,082 shares in the company, valued at approximately $3,245,580. The disclosure for this sale can be found here. In the last three months, insiders bought 219 shares of company stock worth $34,039 and sold 6,948 shares worth $1,324,069. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 annualized dividend and a yield of 0.40%. Curtiss-Wright’s payout ratio is 9.63%.

Curtiss-Wright Company Profile

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