Curtiss-Wright (NYSE:CW – Get Free Report) issued its quarterly earnings results on Wednesday. The aerospace company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.18, Zacks reports. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $3.31 EPS.
Curtiss-Wright Stock Down 10.0%
Shares of NYSE:CW traded down $49.53 during midday trading on Wednesday, reaching $448.23. The company had a trading volume of 611,625 shares, compared to its average volume of 415,372. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $531.80 and its 200 day moving average price is $665.58. The stock has a market cap of $16.55 billion, a PE ratio of 30.85, a P/E/G ratio of 2.08 and a beta of 0.94. Curtiss-Wright has a 1-year low of $447.18 and a 1-year high of $808.16.
Curtiss-Wright Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is 7.16%.
Insider Activity
In related news, Director Larry D. Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company’s stock.
More Curtiss-Wright News
Here are the key news stories impacting Curtiss-Wright this week:
- Positive Sentiment: Third-quarter adjusted EPS was $3.94, up 16% year over year and ahead of the $3.76 consensus estimate. Revenue rose 9.6% year over year. Curtiss-Wright also raised its full-year 2026 guidance, and backlog reached $4.6 billion, up 12% year to date. Curtiss-Wright Reports Third Quarter 2026 Financial Results and Raises Full-Year 2026 Guidance
- Positive Sentiment: The company won Navy contracts worth more than $225 million to support aircraft carrier and submarine programs, adding to its defense business pipeline. Curtiss-Wright Awarded Contracts Valued in Excess of $225 Million
- Neutral Sentiment: The positive earnings and contract news has not prevented the stock from trading lower. The available reports do not give a clear catalyst for the share-price weakness.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on CW shares. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Guggenheim began coverage on Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Morgan Stanley decreased their price target on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $676.38.
Check Out Our Latest Analysis on CW
Curtiss-Wright Company Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.
Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.
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