Curtiss-Wright Corp. (NYSE:CW) – Stock analysts at Gabelli issued their FY2017 earnings estimates for shares of Curtiss-Wright Corp. in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Gabelli analyst J. Foung expects that the aerospace company will post earnings per share of $4.40 for the year. Gabelli also issued estimates for Curtiss-Wright Corp.’s FY2018 earnings at $5.05 EPS, FY2019 earnings at $5.65 EPS and FY2020 earnings at $5.90 EPS.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 15th. The aerospace company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.10. The company earned $566 million during the quarter, compared to analysts’ expectations of $592.79 million. Curtiss-Wright Corp. had a net margin of 8.84% and a return on equity of 14.85%. During the same period last year, the business earned $1.53 EPS. ILLEGAL ACTIVITY NOTICE: “Curtiss-Wright Corp. (CW) Expected to Post FY2017 Earnings of $4.40 Per Share” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/04/21/research-analysts-set-expectations-for-curtiss-wright-corp-s-fy2017-earnings-cw-updated-updated.html.
A number of other research analysts also recently issued reports on CW. William Blair began coverage on Curtiss-Wright Corp. in a research note on Friday, February 17th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. SunTrust Banks, Inc. began coverage on Curtiss-Wright Corp. in a research note on Thursday, January 19th. They issued a “hold” rating and a $105.00 price objective for the company. Finally, Bank of America Corp upped their price objective on Curtiss-Wright Corp. from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, December 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $102.60.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 0.36% during trading on Friday, hitting $91.86. 248,490 shares of the stock traded hands. The firm has a market cap of $4.09 billion, a P/E ratio of 22.11 and a beta of 1.30. The company has a 50-day moving average of $92.50 and a 200-day moving average of $95.23. Curtiss-Wright Corp. has a 52 week low of $75.90 and a 52 week high of $107.61.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Thursday, March 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.57%. Curtiss-Wright Corp.’s payout ratio is 12.56%.
In related news, VP Glenn E. Tynan sold 7,245 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $98.07, for a total transaction of $710,517.15. Following the sale, the vice president now owns 82,899 shares of the company’s stock, valued at approximately $8,129,904.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Charles Adams sold 16,434 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $97.37, for a total value of $1,600,178.58. The disclosure for this sale can be found here. Insiders have sold a total of 46,678 shares of company stock valued at $4,566,358 in the last quarter. 1.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of CW. Bank of The Ozarks boosted its stake in shares of 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. Aperio Group LLC boosted its stake in shares of Curtiss-Wright Corp. by 3.7% in the third quarter. Aperio Group LLC now owns 12,479 shares of the aerospace company’s stock worth $1,137,000 after buying an additional 450 shares during the period. Quantitative Investment Management LLC boosted its stake in shares of Curtiss-Wright Corp. by 75.0% in the third quarter. Quantitative Investment Management LLC now owns 8,400 shares of the aerospace company’s stock worth $765,000 after buying an additional 3,600 shares during the period. Huntington National Bank boosted its stake in shares of Curtiss-Wright Corp. by 20,870.0% in the third quarter. Huntington National Bank now owns 8,388 shares of the aerospace company’s stock worth $765,000 after buying an additional 8,348 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of Curtiss-Wright Corp. during the third quarter worth about $1,986,000. 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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