Curtiss-Wright Q1 EPS Estimate Raised by Zacks Research

Curtiss-Wright Corporation (NYSE:CW) – Research analysts at Zacks Research raised their Q1 2027 EPS estimates for Curtiss-Wright in a note issued to investors on Tuesday, June 24th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $3.00 per share for the quarter, up from their prior forecast of $2.99. The consensus estimate for Curtiss-Wright’s current full-year earnings is $12.32 per share.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 earnings per share.

Other equities analysts have also issued research reports about the stock. Robert W. Baird upped their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Truist Financial dropped their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Citigroup upped their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Finally, Stifel Nicolaus dropped their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $418.00.

Curtiss-Wright Stock Performance

NYSE:CW opened at $487.73 on Friday. Curtiss-Wright has a 1-year low of $258.85 and a 1-year high of $487.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $416.70 and a 200-day simple moving average of $364.62. The firm has a market cap of $18.37 billion, a PE ratio of 43.39, a P/E/G ratio of 3.17 and a beta of 1.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at $35,000. Whipplewood Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC purchased a new position in shares of Curtiss-Wright in the first quarter valued at $32,000. Ancora Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at $49,000. Finally, Private Trust Co. NA boosted its stake in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 138 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president now directly owns 4,959 shares in the company, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the sale, the chief financial officer now owns 9,253 shares of the company’s stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock worth $2,726,412 over the last ninety days. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s payout ratio is currently 8.54%.

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.