Curtiss-Wright (CW) Projected to Post Quarterly Earnings on Wednesday

Curtiss-Wright (NYSE:CW) is anticipated to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Curtiss-Wright to post earnings of $3.12 per share and revenue of $787.02 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Curtiss-Wright Trading Up 0.2 %

Shares of Curtiss-Wright stock opened at $345.63 on Wednesday. The company has a market capitalization of $13.12 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The stock has a fifty day simple moving average of $361.10 and a 200 day simple moving average of $338.51. Curtiss-Wright has a 12-month low of $220.90 and a 12-month high of $393.40. 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 Announces Dividend

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

Insider Activity

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 116 shares of company stock valued at $35,278 in the last 90 days. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CW shares. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

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.