Curtiss-Wright Corporation (NYSE:CW) – Analysts at SunTrust Banks lifted their Q1 2018 earnings estimates for Curtiss-Wright Corporation in a research report issued to clients and investors on Thursday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $0.98 per share for the quarter, up from their previous estimate of $0.97. SunTrust Banks has a “Buy” rating and a $128.00 price objective on the stock. SunTrust Banks also issued estimates for Curtiss-Wright Corporation’s Q4 2018 earnings at $1.65 EPS and FY2019 earnings at $5.96 EPS.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share.
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Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 price objective on shares of Curtiss-Wright Corporation in a report on Tuesday, October 17th. Bank of America Corporation upgraded Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright Corporation in a report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.67.
Curtiss-Wright Corporation (NYSE:CW) traded down 0.512% during trading on Monday, reaching $117.645. 90,157 shares of the company traded hands. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 26.689 and a beta of 1.25. The company’s 50-day moving average price is $108.46 and its 200 day moving average price is $96.79. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $119.00.
Several institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its stake in shares of Curtiss-Wright Corporation by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares during the period. World Asset Management Inc grew its stake in shares of Curtiss-Wright Corporation by 1.2% during the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Curtiss-Wright Corporation by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 46 shares during the period. Oakbrook Investments LLC grew its stake in shares of Curtiss-Wright Corporation by 1.6% during the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 50 shares during the period. Finally, State Treasurer State of Michigan grew its stake in shares of Curtiss-Wright Corporation by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.41% of the company’s stock.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 2,340 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $108.00, for a total transaction of $252,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul J. Ferdenzi sold 2,651 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $111.00, for a total value of $294,261.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,849 shares of company stock valued at $1,737,695. Corporate insiders own 1.10% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.15 per share. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, October 5th. Curtiss-Wright Corporation’s payout ratio is currently 12.45%.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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