Q4 2023 EPS Estimates for Curtiss-Wright Co. (NYSE:CW) Boosted by Zacks Research

Curtiss-Wright Co. (NYSE:CW) – Investment analysts at Zacks Research raised their Q4 2023 earnings per share estimates for shares of Curtiss-Wright in a research note issued to investors on Tuesday, September 12th. Zacks Research analyst S. Kedia now forecasts that the aerospace company will post earnings of $3.04 per share for the quarter, up from their previous forecast of $3.03. The consensus estimate for Curtiss-Wright’s current full-year earnings is $9.08 per share. Zacks Research also issued estimates for Curtiss-Wright’s Q1 2024 earnings at $1.73 EPS, Q4 2024 earnings at $2.90 EPS and Q1 2025 earnings at $2.12 EPS.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.18. The business had revenue of $704.40 million during the quarter, compared to the consensus estimate of $648.77 million. Curtiss-Wright had a return on equity of 16.58% and a net margin of 11.77%.

CW has been the subject of several other research reports. Truist Financial boosted their target price on shares of Curtiss-Wright from $190.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Morgan Stanley raised shares of Curtiss-Wright from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $188.00 to $229.00 in a research note on Monday, August 7th. William Blair began coverage on shares of Curtiss-Wright in a research note on Friday, May 19th. They issued an “outperform” rating for the company. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $200.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $208.40.

Curtiss-Wright Trading Up 0.6 %

NYSE:CW opened at $202.24 on Friday. The company has a market capitalization of $7.75 billion, a PE ratio of 24.34 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 2.11 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a 52-week low of $136.21 and a 52-week high of $209.77. The stock has a fifty day simple moving average of $198.99 and a 200-day simple moving average of $181.01.

Institutional Trading of Curtiss-Wright

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Curtiss-Wright by 25.9% during the 1st quarter. Victory Capital Management Inc. now owns 349,377 shares of the aerospace company’s stock worth $61,581,000 after purchasing an additional 71,957 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Curtiss-Wright by 14.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 2,870 shares of the aerospace company’s stock worth $506,000 after purchasing an additional 367 shares during the period. Teacher Retirement System of Texas boosted its holdings in Curtiss-Wright by 1.5% in the 4th quarter. Teacher Retirement System of Texas now owns 14,151 shares of the aerospace company’s stock worth $2,363,000 after acquiring an additional 213 shares during the period. Ritholtz Wealth Management boosted its holdings in Curtiss-Wright by 33.8% in the 1st quarter. Ritholtz Wealth Management now owns 4,604 shares of the aerospace company’s stock worth $812,000 after acquiring an additional 1,164 shares during the period. Finally, DDFG Inc purchased a new position in Curtiss-Wright in the 4th quarter worth approximately $478,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,064 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $190.00, for a total transaction of $392,160.00. Following the completion of the transaction, the vice president now owns 17,082 shares of the company’s stock, valued at approximately $3,245,580. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP John C. Watts sold 224 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $207.63, for a total transaction of $46,509.12. Following the completion of the sale, the vice president now owns 3,523 shares in the company, valued at approximately $731,480.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,064 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $190.00, for a total value of $392,160.00. Following the sale, the vice president now owns 17,082 shares of the company’s stock, valued at approximately $3,245,580. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 219 shares of company stock valued at $34,039 and sold 6,948 shares valued at $1,324,069. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, September 28th. Curtiss-Wright’s dividend payout ratio is currently 9.63%.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.