Curtiss-Wright (NYSE:CW) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Curtiss-Wright (NYSE:CWGet Free Report) posted its earnings results on Wednesday. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10, Zacks reports. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 earnings per share. Curtiss-Wright updated its FY 2026 guidance to 15.100-15.400 EPS.

Curtiss-Wright Trading Down 1.2%

CW stock traded down $9.21 during trading on Wednesday, hitting $748.10. The company had a trading volume of 208,518 shares, compared to its average volume of 212,106. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $746.37 and a 200-day moving average price of $713.79. Curtiss-Wright has a 12 month low of $464.91 and a 12 month high of $808.16. The stock has a market cap of $27.63 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 3.47 and a beta of 0.87.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $235,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the period. Marshall Wace LLP acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $5,423,000. Finally, Cresset Asset Management LLC boosted its position in shares of Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 457 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Citigroup lifted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $773.67.

Check Out Our Latest Analysis on CW

About Curtiss-Wright

(Get Free Report)

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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Earnings History for Curtiss-Wright (NYSE:CW)

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