Analysts Offer Predictions for Curtiss-Wright Co.’s Q2 2024 Earnings (NYSE:CW)

Curtiss-Wright Co. (NYSE:CW) – Research analysts at William Blair boosted their Q2 2024 earnings per share estimates for Curtiss-Wright in a report issued on Thursday, May 2nd. William Blair analyst L. Dipalma now anticipates that the aerospace company will post earnings per share of $2.33 for the quarter, up from their prior estimate of $2.32. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.27 per share. William Blair also issued estimates for Curtiss-Wright’s Q3 2024 earnings at $2.69 EPS, Q4 2024 earnings at $3.31 EPS, FY2024 earnings at $10.32 EPS and FY2025 earnings at $10.91 EPS.

Other equities analysts have also issued research reports about the company. Morgan Stanley increased their target price on Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird raised their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Stifel Nicolaus increased their price target on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $277.00.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $273.85 on Monday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 28.20 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. Curtiss-Wright has a 52 week low of $157.85 and a 52 week high of $279.79. The company has a 50-day simple moving average of $248.98 and a 200 day simple moving average of $228.80.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter last year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.24%.

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a filing with the SEC, which is available through this link. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Curtiss-Wright by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after purchasing an additional 53 shares during the last quarter. Signaturefd LLC raised its stake in shares of Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after purchasing an additional 57 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Curtiss-Wright by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after acquiring an additional 59 shares during the period. Institutional investors own 82.71% of the company’s stock.

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.