Somewhat Favorable News Coverage Somewhat Unlikely to Affect Curtiss-Wright (CW) Share Price
Media stories about Curtiss-Wright (NYSE:CW) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Curtiss-Wright earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.099582368421 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Curtiss-Wright (CW) traded down $1.10 during midday trading on Thursday, reaching $120.24. The company’s stock had a trading volume of 165,907 shares, compared to its average volume of 245,031. The firm has a market cap of $5,286.26, a PE ratio of 25.06, a PEG ratio of 2.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright has a 52-week low of $82.77 and a 52-week high of $125.00.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The firm had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. equities research analysts expect that Curtiss-Wright will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 12.45%.
CW has been the subject of several research reports. Wells Fargo & Company lifted their price target on Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research cut Curtiss-Wright from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Robert W. Baird initiated coverage on Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price objective for the company. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, October 30th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Curtiss-Wright in a report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Curtiss-Wright has a consensus rating of “Buy” and an average price target of $129.86.
In other news, CFO Glenn E. Tynan sold 7,918 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $120.00, for a total transaction of $950,160.00. Following the completion of the transaction, the chief financial officer now owns 47,925 shares of the company’s stock, valued at approximately $5,751,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Glenn E. Tynan sold 2,082 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $120.00, for a total value of $249,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 60,488 shares of company stock valued at $7,041,956 in the last three months. 1.10% of the stock is owned by insiders.
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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