According to Zacks, “CURTISS-WRIGHT CORP. produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy. “
Several other analysts also recently commented on the stock. William Blair began coverage on shares of Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They set a market perform rating and a $92.00 target price on the stock. Deutsche Bank AG restated a buy rating and set a $95.00 target price (up from $89.00) on shares of Curtiss-Wright Corp. in a report on Monday, June 13th.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 91.11 on Wednesday. The company’s 50 day moving average is $89.10 and its 200 day moving average is $83.35. Curtiss-Wright Corp. has a 12-month low of $62.57 and a 12-month high of $91.65. The company has a market capitalization of $4.05 billion, a P/E ratio of 23.72 and a beta of 1.27.
Curtiss-Wright Corp. (NYSE:CW) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The business had revenue of $532.80 million for the quarter, compared to analyst estimates of $523.84 million. During the same quarter last year, the firm earned $0.83 EPS. Curtiss-Wright Corp.’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts expect that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 0.57%. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is currently 13.58%.
In other news, Director William W. Dr Sihler sold 797 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $82.06, for a total value of $65,401.82. Following the sale, the director now directly owns 7,521 shares in the company, valued at $617,173.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tom P. Quinly sold 8,500 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total transaction of $763,130.00. Following the completion of the sale, the vice president now owns 27,258 shares in the company, valued at $2,447,223.24. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Curtiss-Wright Corp. during the fourth quarter worth about $41,921,000. Aperio Group LLC increased its position in shares of Curtiss-Wright Corp. by 44.1% in the first quarter. Aperio Group LLC now owns 11,691 shares of the company’s stock worth $885,000 after buying an additional 3,579 shares during the last quarter. BlackRock Inc. increased its position in shares of Curtiss-Wright Corp. by 815.5% in the first quarter. BlackRock Inc. now owns 17,889 shares of the company’s stock worth $1,353,000 after buying an additional 15,935 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Curtiss-Wright Corp. by 15.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,324,764 shares of the company’s stock worth $100,245,000 after buying an additional 176,906 shares during the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new position in shares of Curtiss-Wright Corp. during the first quarter worth $813,000. Institutional investors own 77.11% of the company’s stock.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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