Curtiss-Wright Corp. (NYSE:CW) – Investment analysts at Seaport Global Securities cut their Q3 2016 earnings per share estimates for Curtiss-Wright Corp. in a research report issued on Friday. Seaport Global Securities analyst R. Cassil now expects that the firm will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.12. Seaport Global Securities also issued estimates for Curtiss-Wright Corp.’s Q4 2016 earnings at $1.48 EPS, FY2016 earnings at $4.10 EPS, Q1 2017 earnings at $0.84 EPS, Q2 2017 earnings at $1.00 EPS, Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.57 EPS and FY2017 earnings at $4.54 EPS.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share.
A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Curtiss-Wright Corp. from a “hold” rating to a “sell” rating in a research report on Monday. William Blair assumed coverage on shares of Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price objective for the company.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 86.49 on Monday. The stock has a 50 day moving average price of $89.12 and a 200-day moving average price of $84.27. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.52 and a beta of 1.27. Curtiss-Wright Corp. has a 52-week low of $62.57 and a 52-week high of $92.08.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. Curtiss-Wright Corp.’s payout ratio is 13.58%.
In other news, Director John B. Nathman sold 6,000 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $90.77, for a total transaction of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares in the company, valued at approximately $495,150.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the vice president now owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in Curtiss-Wright Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,702 shares of the company’s stock worth $1,431,000 after buying an additional 307 shares during the last quarter. Mason Street Advisors LLC bought a new stake in Curtiss-Wright Corp. during the second quarter worth about $1,711,000. Harbour Capital Advisors LLC bought a new stake in Curtiss-Wright Corp. during the second quarter worth about $722,000. Public Employees Retirement System of Ohio increased its stake in Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock worth $209,000 after buying an additional 44 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Curtiss-Wright Corp. by 18.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 252,595 shares of the company’s stock worth $21,282,000 after buying an additional 38,444 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.
Curtiss-Wright Corp. Company Profile
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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