Curtiss-Wright (NYSE:CW) Announces Quarterly Earnings Results

Curtiss-Wright (NYSE:CW) announced its quarterly earnings results on Wednesday. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10, Zacks reports. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.90% and a net margin of 14.81%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.23 earnings per share. Curtiss-Wright updated its FY 2026 guidance to 15.100-15.400 EPS.

Curtiss-Wright Trading Down 2.9%

Shares of Curtiss-Wright stock traded down $20.68 during midday trading on Friday, reaching $693.37. The company had a trading volume of 170,403 shares, compared to its average volume of 281,438. The stock has a fifty day moving average price of $745.67 and a 200 day moving average price of $714.15. Curtiss-Wright has a fifty-two week low of $464.91 and a fifty-two week high of $808.16. The firm has a market cap of $25.61 billion, a PE ratio of 47.72, a P/E/G ratio of 3.43 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective 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. Citigroup boosted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $773.67.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after acquiring an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $235,000. Northwestern Mutual Wealth Management Co. grew its stake 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 period. Marshall Wace LLP bought a new stake in Curtiss-Wright in the second quarter worth approximately $5,423,000. Finally, Cresset Asset Management LLC increased its holdings in Curtiss-Wright by 46.4% in the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 457 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.