FY2024 EPS Estimates for Curtiss-Wright Increased by Analyst

Curtiss-Wright Co. (NYSE:CW) – William Blair raised their FY2024 earnings estimates for Curtiss-Wright in a research note issued on Thursday, October 31st. William Blair analyst L. Dipalma now anticipates that the aerospace company will post earnings per share of $10.67 for the year, up from their prior forecast of $10.53. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.60 per share. William Blair also issued estimates for Curtiss-Wright’s Q4 2024 earnings at $2.98 EPS and FY2025 earnings at $11.41 EPS.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same period in the previous year, the firm posted $2.15 earnings per share. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis.

Several other research analysts have also weighed in on the stock. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Truist Financial boosted their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $349.60.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $350.01 on Monday. The stock has a fifty day moving average of $329.92 and a two-hundred day moving average of $295.59. Curtiss-Wright has a fifty-two week low of $203.22 and a fifty-two week high of $371.04. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 1.98.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s payout ratio is currently 7.95%.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares during the last quarter. Boston Partners increased its holdings in shares of Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after acquiring an additional 40,657 shares during the period. Congress Asset Management Co. lifted its position in Curtiss-Wright by 136.8% in the 3rd 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 last quarter. International Assets Investment Management LLC boosted its stake in 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 valued at $133,102,000 after purchasing an additional 403,701 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after purchasing an additional 103,780 shares during the last quarter. 82.71% of the stock is 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.