FY2024 EPS Estimates for Curtiss-Wright Raised by Analyst

Curtiss-Wright Co. (NYSE:CW) – Equities researchers at Zacks Research upped their FY2024 EPS estimates for Curtiss-Wright in a research report issued 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 previous 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.

CW has been the topic of a number of other research reports. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Curtiss-Wright Trading Up 1.9 %

Shares of NYSE CW opened at $351.44 on Thursday. Curtiss-Wright has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.96 and a beta of 1.18. The business’s 50 day moving average price is $364.09 and its 200-day moving average price is $318.86.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling

In other news, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Magnetar Financial LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $3,025,000. Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 22.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 93,098 shares of the aerospace company’s stock worth $25,228,000 after purchasing an additional 16,815 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $542,000. Fisher Asset Management LLC boosted its stake in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after buying an additional 5,437 shares during the last quarter. Finally, Freemont Management S.A. grew its holdings in Curtiss-Wright by 154.5% during the third quarter. Freemont Management S.A. now owns 5,600 shares of the aerospace company’s stock worth $1,841,000 after acquiring an additional 3,400 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.