Curtiss-Wright Corp. (NYSE:CW) – Stock analysts at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for shares of Curtiss-Wright in a report issued on Wednesday, October 31st. Seaport Global Securities analyst W. Liptak now forecasts that the aerospace company will earn $6.22 per share for the year, up from their prior forecast of $6.10. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Curtiss-Wright’s Q4 2018 earnings at $1.74 EPS, Q2 2019 earnings at $1.92 EPS, Q4 2019 earnings at $1.94 EPS and FY2019 earnings at $6.67 EPS.
Curtiss-Wright (NYSE:CW) last released its earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The firm had revenue of $595.40 million during the quarter, compared to the consensus estimate of $628.27 million. Curtiss-Wright had a return on equity of 17.76% and a net margin of 10.98%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS.
CW has been the subject of a number of other reports. ValuEngine downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Stifel Nicolaus set a $120.00 target price on Curtiss-Wright and gave the company a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. UBS Group began coverage on Curtiss-Wright in a research report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 target price for the company. Finally, SunTrust Banks cut their target price on Curtiss-Wright to $148.00 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $138.50.
NYSE:CW opened at $110.53 on Friday. The firm has a market cap of $4.83 billion, a PE ratio of 21.97, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a quick ratio of 1.42, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a fifty-two week low of $105.77 and a fifty-two week high of $143.38.
Several institutional investors have recently bought and sold shares of the company. Boston Partners raised its holdings in shares of Curtiss-Wright by 25.3% during the 2nd quarter. Boston Partners now owns 1,552,436 shares of the aerospace company’s stock worth $184,771,000 after buying an additional 313,643 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Curtiss-Wright by 12.0% during the 2nd quarter. Wells Fargo & Company MN now owns 853,231 shares of the aerospace company’s stock worth $101,551,000 after buying an additional 91,724 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Curtiss-Wright by 235.6% during the 2nd quarter. Millennium Management LLC now owns 516,426 shares of the aerospace company’s stock worth $61,465,000 after buying an additional 362,551 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Curtiss-Wright by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 361,433 shares of the aerospace company’s stock worth $49,668,000 after purchasing an additional 19,457 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Curtiss-Wright by 0.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 337,617 shares of the aerospace company’s stock worth $40,183,000 after purchasing an additional 2,437 shares in the last quarter. 75.20% of the stock is owned by institutional investors.
In other news, Director S Marce Fuller sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the completion of the transaction, the director now owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.93%.
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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