Zacks Research Reduces Earnings Estimates for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings estimates for shares of Curtiss-Wright in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $3.04 per share for the quarter, down from their prior estimate of $3.18. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.71 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q3 2025 earnings at $2.88 EPS and Q3 2026 earnings at $3.09 EPS.

A number of other research firms have also recently commented on CW. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.40.

Curtiss-Wright Stock Up 0.9 %

Shares of NYSE:CW opened at $374.77 on Monday. Curtiss-Wright has a 12-month low of $209.01 and a 12-month high of $393.40. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 35.46 and a beta of 1.17. The stock has a fifty day simple moving average of $350.07 and a two-hundred day simple moving average of $307.94. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after acquiring an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 37 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in Curtiss-Wright by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after purchasing an additional 45 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

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.