Curtiss-Wright Corp. Expected to Earn FY2021 Earnings of $6.55 Per Share (CW)
Curtiss-Wright Corp. (NYSE:CW) – Stock analysts at Gabelli issued their FY2021 earnings per share (EPS) estimates for shares of Curtiss-Wright Corp. in a research note issued on Wednesday, according to Zacks Investment Research. Gabelli analyst J. Foung expects that the aerospace company will post earnings per share of $6.55 for the year.
Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Wednesday, January 18th. SunTrust Banks, Inc. started coverage on shares of Curtiss-Wright Corp. in a research report on Thursday, January 19th. They set a “hold” rating and a $105.00 target price for the company. William Blair started coverage on shares of Curtiss-Wright Corp. in a research report on Friday, February 17th. They set a “market perform” rating for the company. Finally, Bank of America Corp upped their target price on shares of Curtiss-Wright Corp. from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, December 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Curtiss-Wright Corp. currently has a consensus rating of “Hold” and an average price target of $102.60.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 0.36% during midday trading on Thursday, hitting $91.86. 251,825 shares of the stock traded hands. The company’s 50-day moving average is $92.50 and its 200 day moving average is $95.23. Curtiss-Wright Corp. has a 52 week low of $75.90 and a 52 week high of $107.61. The firm has a market capitalization of $4.09 billion, a PE ratio of 22.11 and a beta of 1.30.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 15th. The aerospace company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.10. Curtiss-Wright Corp. had a net margin of 8.84% and a return on equity of 14.85%. The company earned $566 million during the quarter, compared to analyst estimates of $592.79 million. During the same quarter last year, the business posted $1.53 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Thursday, March 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, March 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.57%. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is presently 12.56%.
In related news, VP Glenn E. Tynan sold 7,729 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $98.05, for a total value of $757,828.45. Following the transaction, the vice president now owns 67,925 shares of the company’s stock, valued at approximately $6,660,046.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Charles Adams sold 16,434 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $97.37, for a total transaction of $1,600,178.58. The disclosure for this sale can be found here. Insiders sold a total of 46,678 shares of company stock valued at $4,566,358 in the last 90 days. Company insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oakbrook Investments LLC increased its position in Curtiss-Wright Corp. by 2.8% in the third quarter. Oakbrook Investments LLC now owns 3,700 shares of the aerospace company’s stock worth $337,000 after buying an additional 100 shares during the period. Acrospire Investment Management LLC increased its position in Curtiss-Wright Corp. by 7.7% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the aerospace company’s stock worth $128,000 after buying an additional 100 shares during the period. Bank of The Ozarks increased its position in Curtiss-Wright Corp. by 3.6% in the third quarter. Bank of The Ozarks now owns 2,924 shares of the aerospace company’s stock worth $266,000 after buying an additional 101 shares during the period. LS Investment Advisors LLC increased its position in Curtiss-Wright Corp. by 5.6% in the third quarter. LS Investment Advisors LLC now owns 2,900 shares of the aerospace company’s stock worth $264,000 after buying an additional 153 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in Curtiss-Wright Corp. by 0.9% in the third quarter. GHP Investment Advisors Inc. now owns 26,887 shares of the aerospace company’s stock worth $2,450,000 after buying an additional 250 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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