Curtiss-Wright Corp. (NYSE:CW) – Investment analysts at SunTrust Banks lifted their FY2019 earnings per share estimates for Curtiss-Wright in a research note issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $6.38 per share for the year, up from their prior estimate of $5.99.
Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.29. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. The company had revenue of $611.88 million for the quarter, compared to analyst estimates of $589.22 million.
Several other research analysts have also issued reports on CW. Robert W. Baird initiated coverage on Curtiss-Wright in a research report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 target price on the stock. Wells Fargo & Co upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research note on Tuesday, January 16th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, William Blair reiterated a “market perform” rating on shares of Curtiss-Wright in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Curtiss-Wright presently has an average rating of “Buy” and a consensus target price of $137.63.
Shares of Curtiss-Wright (NYSE:CW) traded down $1.04 during trading hours on Monday, reaching $135.60. The company had a trading volume of 60,216 shares, compared to its average volume of 224,954. Curtiss-Wright has a 12 month low of $82.77 and a 12 month high of $140.07. The firm has a market cap of $6,071.27, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Curtiss-Wright by 4.4% during the fourth quarter. BlackRock Inc. now owns 6,019,976 shares of the aerospace company’s stock worth $733,531,000 after purchasing an additional 252,599 shares in the last quarter. Boston Partners boosted its position in Curtiss-Wright by 44.8% during the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after purchasing an additional 421,332 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Curtiss-Wright by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock worth $98,612,000 after purchasing an additional 4,064 shares in the last quarter. Prudential Financial Inc. boosted its position in Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after purchasing an additional 167,135 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Curtiss-Wright by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 447,170 shares of the aerospace company’s stock worth $54,487,000 after purchasing an additional 10,305 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.
In other news, VP Tom P. Quinly sold 14,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $137.26, for a total value of $1,990,270.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Charles Adams sold 13,051 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $120.44, for a total value of $1,571,862.44. Following the completion of the sale, the chief executive officer now owns 88,257 shares in the company, valued at approximately $10,629,673.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,854 shares of company stock worth $7,000,065. Company insiders own 1.10% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 annualized dividend and a yield of 0.44%. Curtiss-Wright’s payout ratio is presently 12.47%.
Curtiss-Wright Company Profile
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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