Curtiss-Wright FY2024 EPS Forecast Boosted by Zacks Research

Curtiss-Wright Co. (NYSE:CW - Free Report) - Investment analysts at Zacks Research lifted their FY2024 earnings estimates for Curtiss-Wright in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings per share of $10.71 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 brokerages have also recently commented on CW. Morgan Stanley raised their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated 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, Truist Financial upped 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, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $379.00.

Curtiss-Wright Trading Up 1.9 %

NYSE CW traded up $6.59 on Thursday, hitting $351.44. 319,509 shares of the stock were exchanged, compared to its average volume of 229,217. The company's 50-day moving average price is $364.09 and its two-hundred day moving average price is $318.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.96 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new position in Curtiss-Wright in the 3rd quarter worth approximately $230,000. Franklin Resources Inc. grew its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock worth $115,469,000 after acquiring an additional 22,543 shares during the last quarter. Tidal Investments LLC increased its position in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after acquiring an additional 29 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright in the 3rd quarter valued at $53,000. Finally, World Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 3rd quarter worth $47,220,000. Institutional investors own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright's payout ratio is presently 7.95%.

About Curtiss-Wright

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.