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. “
Other equities research analysts have also issued reports about the company. Deutsche Bank AG restated a buy rating and set a $95.00 price target (up from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th. William Blair started coverage on Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a market perform rating and a $92.00 price target on the stock.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 87.26 on Monday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 22.72 and a beta of 1.27. The stock’s 50 day moving average price is $89.05 and its 200 day moving average price is $84.29. Curtiss-Wright Corp. has a 12 month low of $62.57 and a 12 month high of $92.08.
Curtiss-Wright Corp. (NYSE:CW) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The company had revenue of $532.80 million for the quarter, compared to analyst estimates of $523.84 million. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Analysts expect that Curtiss-Wright Corp. will post $4.10 EPS for the current 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 $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, October 5th. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is 13.58%.
In other Curtiss-Wright Corp. news, VP Tom P. Quinly sold 8,500 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $89.78, for a total value of $763,130.00. Following the sale, the vice president now directly owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Nathman sold 6,000 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares in the company, valued at $495,150.35. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. 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 valued at $209,000 after buying an additional 44 shares during the period. Amalgamated Bank boosted its position in Curtiss-Wright Corp. by 1.6% in the second quarter. Amalgamated Bank now owns 5,391 shares of the company’s stock valued at $483,000 after buying an additional 87 shares in the last quarter. Oakbrook Investments LLC boosted its position in Curtiss-Wright Corp. by 2.9% in the second quarter. Oakbrook Investments LLC now owns 3,600 shares of the company’s stock valued at $303,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan boosted its position in Curtiss-Wright Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock valued at $1,508,000 after buying an additional 100 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Curtiss-Wright Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 14,561 shares of the company’s stock valued at $1,227,000 after buying an additional 168 shares in the last quarter. 77.11% of the stock is currently owned by institutional investors and hedge funds.
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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