Q1 EPS Estimates for Curtiss-Wright Lifted by Zacks Research

Curtiss-Wright Corporation (NYSE:CW - Free Report) - Investment analysts at Zacks Research boosted their Q1 2027 EPS estimates for Curtiss-Wright in a report issued on Tuesday, June 24th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $3.00 per share for the quarter, up from their previous estimate of $2.99. The consensus estimate for Curtiss-Wright's current full-year earnings is $12.32 per share.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 EPS.

Several other equities analysts have also commented on CW. Truist Financial reduced their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus reduced their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup lifted their price target on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $418.00.

Curtiss-Wright Price Performance

CW stock opened at $482.86 on Friday. The firm has a 50 day simple moving average of $413.32 and a two-hundred day simple moving average of $363.79. The stock has a market cap of $18.18 billion, a PE ratio of 42.96, a P/E/G ratio of 3.12 and a beta of 1.14. Curtiss-Wright has a one year low of $258.85 and a one year high of $484.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a $0.24 dividend. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insider Activity

In other news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director now directly owns 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 450 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president now directly owns 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,130 shares of company stock valued at $2,726,412. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CW. Vanguard Group Inc. increased its holdings in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Invesco Ltd. raised its holdings in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after acquiring an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after acquiring an additional 6,971 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.