Curtiss-Wright (NYSE:CW) Issues Earnings Results

Curtiss-Wright (NYSE:CW) issued its quarterly earnings data on Wednesday. The aerospace company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.18, Zacks reports. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 EPS.

Curtiss-Wright Stock Down 10.0%

Curtiss-Wright stock traded down $49.53 during trading on Wednesday, reaching $448.23. The stock 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 has a 50 day moving average price of $531.80 and a 200 day moving average price of $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 52-week low of $447.18 and a 52-week high of $808.16.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a dividend of $0.26 per share. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, September 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CW shares. Morgan Stanley cut their price target on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Citigroup lowered their target price on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Stifel Nicolaus reduced their target price on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a report on Monday, October 19th. Piper Sandler dropped their target price on Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Finally, Guggenheim assumed coverage on Curtiss-Wright in a research note on Monday, September 14th. They issued a “buy” rating and a $786.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $676.38.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Watts sold 1,035 shares of Curtiss-Wright 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 sale, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is owned by company insiders.

Key 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.

About Curtiss-Wright

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.