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

Curtiss-Wright Co. (NYSE:CW) – Investment analysts at William Blair boosted their Q2 2024 earnings per share (EPS) estimates for Curtiss-Wright in a note issued to investors on Thursday, May 2nd. William Blair analyst L. Dipalma now expects that the aerospace company will post earnings of $2.33 per share for the quarter, up from their previous 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.

A number of other brokerages have also recently commented on CW. Robert W. Baird upped their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley upped their price target on Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Stifel Nicolaus upped 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. Finally, Truist Financial upped their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $277.00.

Curtiss-Wright Stock Up 2.1 %

Curtiss-Wright stock opened at $273.85 on Monday. The stock has a market cap of $10.49 billion, a PE 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 one year low of $157.85 and a one year high of $279.79. The stock has a fifty day moving average of $248.98 and a 200 day moving average of $228.80.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping 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 firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter in the previous year, the business earned $1.53 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Curtiss-Wright during the 4th quarter valued at $25,000. First Horizon Advisors Inc. boosted its position in Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares in the last quarter. Montag A & Associates Inc. boosted its position in Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 61 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $32,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the firm’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 directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kevin Rayment sold 1,070 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total value of $260,545.00. Following the transaction, the chief operating officer now owns 28,329 shares in the company, valued at $6,898,111.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Dividend Announcement

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

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.