Curtiss-Wright (NYSE:CW – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 15.100-15.400 for the period, compared to the consensus estimate of 15.210. The company issued revenue guidance of $3.8 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion.
Analyst Upgrades and Downgrades
CW has been the topic of a number of recent research reports. Citigroup boosted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $773.67.
Check Out Our Latest Research Report on Curtiss-Wright
Curtiss-Wright Stock Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.90%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.23 earnings per share. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. Sell-side analysts forecast that Curtiss-Wright will post 15.22 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.
Insider Transactions at Curtiss-Wright
In other news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% 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. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Curtiss-Wright
Several institutional investors have recently added to or reduced their stakes in CW. Larson Financial Group LLC grew its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the period. Transamerica Financial Advisors LLC grew its holdings in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. Sunbelt Securities Inc. purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. increased its position in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the last quarter. Finally, Quarry LP increased its position in Curtiss-Wright by 354.2% during the fourth quarter. Quarry LP now owns 109 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 85 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Company Profile
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.
Featured Stories
- Five stocks we like better than Curtiss-Wright
- IonQ Sparks a Quantum Grid Revolution
- No Hangover: Revisiting Microsoft One Week After Earnings
- Western Digital Stock Falls 12% Despite Beating Earnings Estimates
- One Comment on CVS’s Earnings Call Sent the Stock Tumbling
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.
