Zacks Research Predicts Stronger Earnings for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for Curtiss-Wright in a research report issued to clients and investors on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $10.71 for the year, up from their prior forecast of $10.67. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.72 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.76 EPS, Q3 2025 earnings at $2.99 EPS, Q4 2025 earnings at $3.58 EPS, FY2025 earnings at $11.71 EPS, Q2 2026 earnings at $2.96 EPS and FY2026 earnings at $12.94 EPS.

Several other equities research analysts have also recently commented on CW. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Trading Up 2.7 %

CW stock traded up $9.47 during trading on Thursday, hitting $354.32. The company had a trading volume of 9,029 shares, compared to its average volume of 227,919. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a one year low of $212.05 and a one year high of $393.40. The business has a 50-day moving average of $363.86 and a 200-day moving average of $318.63. The stock has a market cap of $13.45 billion, a PE ratio of 33.52, a PEG ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Congress Asset Management Co. grew its holdings in Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $47,220,000. Van ECK Associates Corp raised its stake in shares of Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after buying an additional 86,955 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Curtiss-Wright by 91.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after acquiring an additional 85,013 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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