Zacks Research Expects Increased Earnings for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Research analysts at Zacks Research upped their Q4 2024 earnings estimates for Curtiss-Wright in a note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $3.08 per share for the quarter, up from their prior estimate of $3.04. 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 Q3 2026 earnings at $3.25 EPS.

CW has been the subject of several other reports. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $379.00.

Curtiss-Wright Price Performance

CW opened at $354.22 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company’s 50 day simple moving average is $364.23 and its 200-day simple moving average is $319.36. Curtiss-Wright has a one year low of $212.05 and a one year high of $393.40. The stock has a market capitalization of $13.44 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date 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 7.95%.

Insider Activity

In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the 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 transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in the company. Tsfg LLC increased its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. UMB Bank n.a. grew its position in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the 3rd quarter worth $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Finally, Quarry LP boosted its holdings in Curtiss-Wright by 176.9% in the second quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after acquiring an additional 161 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.