Zacks Research Raises Earnings Estimates for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Investment analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Curtiss-Wright in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $10.67 for the year, up from their prior estimate of $10.55. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.69 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q1 2025 earnings at $2.38 EPS, Q2 2025 earnings at $2.68 EPS, FY2025 earnings at $11.42 EPS, Q1 2026 earnings at $2.77 EPS, Q2 2026 earnings at $2.87 EPS and FY2026 earnings at $12.55 EPS.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Morgan Stanley lifted 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. Truist Financial increased their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $364.40.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $367.75 on Friday. Curtiss-Wright has a 1 year low of $209.01 and a 1 year high of $393.40. The company’s 50-day moving average is $347.67 and its two-hundred day moving average is $306.16. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.96 billion, a PE ratio of 34.79 and a beta of 1.17.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Tsfg LLC grew its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

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 transaction of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio is presently 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.