Research Analysts Issue Forecasts for Curtiss-Wright Co.’s Q3 2024 Earnings (NYSE:CW)

Curtiss-Wright Co. (NYSE:CW) – Zacks Research reduced their Q3 2024 earnings estimates for shares of Curtiss-Wright in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst R. Department now forecasts that the aerospace company will earn $2.71 per share for the quarter, down from their prior estimate of $2.76. The consensus estimate for Curtiss-Wright’s current full-year earnings is $10.31 per share. Zacks Research also issued estimates for Curtiss-Wright’s FY2024 earnings at $10.11 EPS, Q1 2025 earnings at $2.28 EPS, Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.92 EPS, FY2025 earnings at $11.13 EPS and Q1 2026 earnings at $2.72 EPS.

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

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus upped their target price on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial increased their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $302.50.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $281.91 on Thursday. The business has a 50-day moving average price of $259.71 and a two-hundred day moving average price of $235.94. Curtiss-Wright has a 1-year low of $157.85 and a 1-year high of $286.23. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. The company has a market cap of $10.80 billion, a P/E ratio of 29.03 and a beta of 1.18.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at about $1,894,000. Pacer Advisors Inc. lifted its position in shares of Curtiss-Wright by 92.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock worth $1,835,000 after buying an additional 3,957 shares in the last quarter. Cadinha & Co. LLC boosted its stake in shares of Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after buying an additional 63,810 shares during the last quarter. Legacy Capital Group California Inc. bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $1,091,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Curtiss-Wright by 71.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock valued at $1,558,000 after acquiring an additional 2,924 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a $0.21 dividend. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

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.