Curtiss-Wright Co. (NYSE:CW) to Post Q4 2020 Earnings of $2.37 Per Share, Truist Securiti Forecasts


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Curtiss-Wright Co. (NYSE:CW) – Stock analysts at Truist Securiti dropped their Q4 2020 earnings per share estimates for Curtiss-Wright in a research note issued on Monday, January 11th. Truist Securiti analyst M. Ciarmoli now expects that the aerospace company will post earnings of $2.37 per share for the quarter, down from their prior estimate of $2.40.

Other research analysts also recently issued reports about the company. TheStreet upgraded Curtiss-Wright from a “c” rating to a “b-” rating in a research note on Monday, November 9th. ValuEngine upgraded Curtiss-Wright from a “sell” rating to a “hold” rating in a research note on Monday, November 16th. BidaskClub upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Friday, December 11th. Finally, Robert W. Baird downgraded Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 price objective for the company. in a research note on Thursday, January 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Curtiss-Wright has an average rating of “Buy” and an average target price of $120.00.

Shares of NYSE:CW opened at $117.65 on Tuesday. The stock has a 50 day moving average of $116.32 and a 200 day moving average of $101.60. The company has a market cap of $4.88 billion, a PE ratio of 21.08 and a beta of 1.52. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. Curtiss-Wright has a 12-month low of $70.56 and a 12-month high of $149.90.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 28th. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.32. The company had revenue of $571.61 million during the quarter, compared to the consensus estimate of $564.81 million. Curtiss-Wright had a return on equity of 16.15% and a net margin of 9.96%.

In other Curtiss-Wright news, CEO David Charles Adams sold 1,677 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $118.00, for a total value of $197,886.00. Following the completion of the transaction, the chief executive officer now directly owns 55,056 shares in the company, valued at approximately $6,496,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 5,000 shares of company stock valued at $575,000 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its holdings in Curtiss-Wright by 4,746.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,011,715 shares of the aerospace company’s stock valued at $5,612,000 after buying an additional 990,839 shares during the period. Boston Partners raised its holdings in Curtiss-Wright by 52.7% during the 3rd quarter. Boston Partners now owns 1,846,016 shares of the aerospace company’s stock valued at $172,160,000 after buying an additional 637,107 shares during the period. LSV Asset Management raised its holdings in Curtiss-Wright by 357.7% during the 3rd quarter. LSV Asset Management now owns 487,931 shares of the aerospace company’s stock valued at $45,504,000 after buying an additional 381,335 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Curtiss-Wright by 331.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 312,176 shares of the aerospace company’s stock valued at $29,114,000 after buying an additional 239,858 shares during the period. Finally, Jennison Associates LLC raised its holdings in Curtiss-Wright by 58.4% during the 3rd quarter. Jennison Associates LLC now owns 223,804 shares of the aerospace company’s stock valued at $20,872,000 after buying an additional 82,496 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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