Zacks Research Predicts Stronger Earnings for Curtiss-Wright

Curtiss-Wright Co. (NYSE:CW) – Equities researchers at Zacks Research lifted their Q4 2024 EPS estimates for Curtiss-Wright in a research note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $3.08 for the quarter, up from their previous estimate of $3.04. 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 Q3 2026 earnings at $3.25 EPS.

Several other analysts have also issued reports on CW. Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial raised their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $379.00.

Curtiss-Wright Trading Up 0.8 %

Shares of NYSE:CW opened at $354.22 on Friday. The company has a market capitalization of $13.44 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The business’s 50 day simple moving average is $364.09 and its 200 day simple moving average is $318.86. Curtiss-Wright has a 1 year low of $212.05 and a 1 year high of $393.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CW. Geode Capital Management LLC increased its holdings in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after purchasing an additional 27,607 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares during the period. International Assets Investment Management LLC grew its holdings in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the period. Franklin Resources Inc. increased its stake in Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock valued at $115,469,000 after purchasing an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after purchasing an additional 56,966 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction 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 owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Watts sold 412 shares of the company’s stock in a transaction 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 directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Dividend Announcement

The company 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. The ex-dividend date 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%.

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.