Zacks Research Boosts Earnings Estimates for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Research analysts at Zacks Research upped their FY2024 earnings per share estimates for Curtiss-Wright in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $10.71 per share 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.

Several other equities research analysts have also weighed in on CW. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Finally, StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $379.00.

Curtiss-Wright Stock Up 0.8 %

Shares of NYSE:CW opened at $354.22 on Thursday. Curtiss-Wright has a 1-year low of $212.05 and a 1-year high of $393.40. The company’s fifty day moving average is $364.09 and its two-hundred day moving average is $318.86. 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 stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 29 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC increased its stake in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in Curtiss-Wright by 1.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $368.80, for a total transaction 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. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were paid a $0.21 dividend. 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, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 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.