Seaport Global Securities reissued their buy rating on shares of Curtiss-Wright (NYSE:CW) in a research note published on Tuesday morning. Seaport Global Securities also issued estimates for Curtiss-Wright’s Q4 2018 earnings at $1.74 EPS, FY2018 earnings at $6.22 EPS, Q2 2019 earnings at $1.92 EPS, Q4 2019 earnings at $1.94 EPS and FY2019 earnings at $6.67 EPS.
CW has been the subject of a number of other research reports. ValuEngine cut shares of Curtiss-Wright from a buy rating to a hold rating in a research note on Thursday, October 11th. Zacks Investment Research cut shares of Curtiss-Wright from a buy rating to a hold rating in a research note on Wednesday, September 26th. UBS Group began coverage on shares of Curtiss-Wright in a research note on Wednesday, August 15th. They issued a neutral rating and a $140.00 price objective for the company. Finally, William Blair upgraded shares of Curtiss-Wright from a market perform rating to an outperform rating and dropped their price objective for the company from $145.00 to $129.00 in a research note on Monday, July 2nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $138.50.
Shares of CW stock opened at $110.53 on Tuesday. Curtiss-Wright has a 52-week low of $105.77 and a 52-week high of $143.38. The firm has a market capitalization of $4.83 billion, a PE ratio of 21.97, a price-to-earnings-growth 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 (NYSE:CW) last announced its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.76%. The company had revenue of $595.40 million during the quarter, compared to analysts’ expectations of $628.27 million. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright will post 6.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, October 3rd. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.93%.
In related news, Director S Marce Fuller sold 1,250 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $133.07, for a total transaction of $166,337.50. Following the completion of the sale, the director now owns 11,734 shares in the company, valued at approximately $1,561,443.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Boston Partners increased its position 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 purchasing an additional 313,643 shares in the last quarter. Wells Fargo & Company MN increased its position 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 purchasing an additional 91,724 shares in the last quarter. Millennium Management LLC increased its position 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 purchasing an additional 362,551 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Curtiss-Wright by 5.7% during 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 position in shares of Curtiss-Wright by 0.7% during 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. Institutional investors and hedge funds own 75.20% of the company’s stock.
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.
Further Reading: What is a Call Option?
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.