According to Zacks, “CURTISS-WRIGHT CORP. produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy. “
Several other equities research analysts have also commented on CW. Deutsche Bank AG reiterated a buy rating and set a $95.00 price target (up from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th. William Blair initiated coverage on shares of Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a market perform rating and a $92.00 price objective on the stock.
Curtiss-Wright Corp. (NYSE:CW) opened at 90.79 on Wednesday. Curtiss-Wright Corp. has a 12-month low of $62.57 and a 12-month high of $91.65. The firm has a 50-day moving average of $89.15 and a 200 day moving average of $83.67. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 23.64 and a beta of 1.27.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The firm had revenue of $532.80 million for the quarter, compared to analyst estimates of $523.84 million. During the same period last year, the business earned $0.83 EPS. Curtiss-Wright Corp.’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, October 5th. Curtiss-Wright Corp.’s payout ratio is currently 13.58%.
In other news, VP Tom P. Quinly sold 8,500 shares of Curtiss-Wright Corp. stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $89.78, for a total value of $763,130.00. Following the sale, the vice president now owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Nathman sold 6,000 shares of Curtiss-Wright Corp. stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $90.77, for a total transaction of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares in the company, valued at approximately $495,150.35. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently modified their holdings of CW. Acrospire Investment Management LLC purchased a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $110,000. Bank of Montreal Can purchased a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $169,000. Public Employees Retirement System of Ohio increased its stake in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $231,000 after buying an additional 1,154 shares during the last quarter. Finally, Invictus RG purchased a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $264,000. 77.11% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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