Curtiss-Wright Co. (NYSE:CW) Expected to Post Q3 2024 Earnings of $2.71 Per Share

Curtiss-Wright Co. (NYSE:CW) – Stock analysts at Zacks Research boosted their Q3 2024 EPS estimates for shares of Curtiss-Wright in a note issued to investors on Monday, October 14th. Zacks Research analyst R. Department now expects that the aerospace company will earn $2.71 per share for the quarter, up from their prior forecast of $2.70. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.56 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q1 2025 earnings at $2.35 EPS and Q2 2025 earnings at $2.65 EPS.

A number of other research analysts have also weighed in on CW. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Performance

NYSE CW opened at $347.46 on Tuesday. Curtiss-Wright has a 52-week low of $194.46 and a 52-week high of $352.83. The company has a 50-day simple moving average of $315.23 and a 200 day simple moving average of $286.47. The company has a market capitalization of $13.31 billion, a PE ratio of 35.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the previous year, the firm earned $2.15 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year.

Institutional Trading of Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Curtiss-Wright by 18.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 247,225 shares of the aerospace company’s stock worth $55,079,000 after acquiring an additional 38,986 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $32,000. Congress Asset Management Co. MA lifted its position in Curtiss-Wright by 33.9% in the fourth quarter. Congress Asset Management Co. MA now owns 32,145 shares of the aerospace company’s stock worth $7,162,000 after buying an additional 8,137 shares during the last quarter. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock worth $810,714,000 after buying an additional 46,954 shares during the period. Finally, Quadrature Capital Ltd increased its position in Curtiss-Wright by 3.9% during the fourth quarter. Quadrature Capital Ltd now owns 4,407 shares of the aerospace company’s stock valued at $982,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

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.