Curtiss-Wright FY2024 EPS Estimate Boosted by Zacks Research

Curtiss-Wright Co. (NYSE:CW) – Equities research analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Curtiss-Wright in a research note issued 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 forecast 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.

CW has been the topic of a number of other reports. Truist Financial boosted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research report on Monday. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. 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 four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $364.40.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $367.75 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 1-year low of $209.01 and a 1-year high of $393.40. The firm has a market cap of $13.96 billion, a P/E ratio of 34.79 and a beta of 1.17. The firm has a 50-day moving average of $347.67 and a 200-day moving average of $306.16.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC raised its holdings in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 116 shares during the period. Tsfg LLC lifted its position in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Curtiss-Wright by 303.8% in the 3rd 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. Institutional investors own 82.71% of the company’s stock.

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.