Curtiss-Wright (NYSE:CW) Posts Earnings Results

Curtiss-Wright (NYSE:CW – Get Free Report) released its earnings results on Wednesday. The aerospace company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.18, Zacks reports. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS.

Curtiss-Wright Stock Performance

NYSE:CW traded down $49.53 during midday trading on Wednesday, reaching $448.23. 611,625 shares of the company traded hands, compared to its average volume of 415,372. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company has a fifty day moving average price of $531.80 and a 200 day moving average price of $665.58. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.94. Curtiss-Wright has a twelve month low of $447.18 and a twelve month high of $808.16.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s payout ratio is 7.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a report on Wednesday, August 12th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Piper Sandler lowered their target price on shares of Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Finally, Citigroup reduced their price objective on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $676.38.

Get Our Latest Research Report on CW

More Curtiss-Wright News

Here are the key news stories impacting Curtiss-Wright this week:

Insider Buying and Selling at Curtiss-Wright

In related news, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.

See Also

Earnings History for Curtiss-Wright (NYSE:CW)

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