William Blair Boosts Earnings Estimates for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW - Free Report) - Investment analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Curtiss-Wright in a research note issued to investors on Thursday, October 31st. William Blair analyst L. Dipalma now expects that the aerospace company will earn $10.67 per share for the year, up from their prior estimate 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 - Get Free Report) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the business earned $2.15 earnings per share. Curtiss-Wright's revenue for the quarter was up 11.4% on a year-over-year basis.

CW has been the topic of a number of other reports. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Robert W. Baird upped 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. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. 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. Finally, Truist Financial raised their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $349.60.

Curtiss-Wright Trading Up 0.3 %

Shares of CW stock traded up $1.19 during trading hours on Monday, hitting $350.01. 247,956 shares of the company were exchanged, compared to its average volume of 221,777. The company has a 50 day simple moving average of $329.92 and a two-hundred day simple moving average of $295.59. The firm has a market cap of $13.41 billion, a P/E 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 has a fifty-two week low of $203.22 and a fifty-two week high of $371.04.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright's dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock valued at $132,000 after acquiring an additional 29 shares during the period. Sequoia Financial Advisors LLC raised its stake in Curtiss-Wright by 1.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company's stock valued at $687,000 after purchasing an additional 45 shares in the last quarter. CIBC Asset Management Inc raised its stake in Curtiss-Wright by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company's stock valued at $289,000 after purchasing an additional 46 shares in the last quarter. Dorsey Wright & Associates raised its stake in Curtiss-Wright by 0.4% in the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company's stock valued at $3,523,000 after purchasing an additional 47 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Curtiss-Wright by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company's stock valued at $557,000 after purchasing an additional 53 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

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.