Analysts Set Expectations for Curtiss-Wright FY2024 Earnings

Curtiss-Wright Co. (NYSE:CW) – Research analysts at Zacks Research raised their FY2024 EPS estimates for shares of Curtiss-Wright in a research note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $10.71 for the year, up from their prior estimate 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 research analysts have also recently weighed in on CW. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Morgan Stanley upped their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Truist Financial raised 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. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $379.00.

Curtiss-Wright Trading Up 1.9 %

NYSE:CW opened at $351.44 on Thursday. Curtiss-Wright has a 52 week low of $212.05 and a 52 week high of $393.40. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.96 and a beta of 1.18. The company’s 50 day moving average price is $364.09 and its 200-day moving average price is $318.86. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright 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 trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was 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 $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth $230,000. Franklin Resources Inc. grew its position in 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 in the last quarter. Tidal Investments LLC increased its stake 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright during the third quarter valued at approximately $53,000. Finally, World Investment Advisors LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $47,220,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.