Curtiss-Wright Corporation (NYSE:CW) – Stock analysts at William Blair raised their FY2017 earnings per share (EPS) estimates for Curtiss-Wright Corporation in a research report issued to clients and investors on Thursday. William Blair analyst N. Heymann now expects that the aerospace company will post earnings per share of $4.53 for the year, up from their previous forecast of $4.44. William Blair also issued estimates for Curtiss-Wright Corporation’s Q4 2017 earnings at $1.42 EPS and FY2018 earnings at $4.95 EPS.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million during the quarter, compared to analyst estimates of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share.
A number of other equities analysts have also weighed in on CW. Zacks Investment Research lowered Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $103.00 to $112.00 in a research report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Curtiss-Wright Corporation currently has a consensus rating of “Buy” and an average price target of $101.60.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, June 20th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 11.79%.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total value of $117,845.00. Following the completion of the transaction, the director now owns 16,260 shares of the company’s stock, valued at approximately $1,473,969. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of CW. Renaissance Technologies LLC acquired a new position in shares of Curtiss-Wright Corporation during the fourth quarter worth $207,000. Teachers Advisors LLC raised its position in shares of Curtiss-Wright Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,043 shares of the aerospace company’s stock worth $7,283,000 after buying an additional 2,158 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Curtiss-Wright Corporation during the fourth quarter worth $2,798,000. Bank of Montreal Can raised its position in shares of Curtiss-Wright Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 69,820 shares of the aerospace company’s stock worth $6,371,000 after buying an additional 632 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Curtiss-Wright Corporation by 14.6% in the first quarter. Capstone Asset Management Co. now owns 4,232 shares of the aerospace company’s stock valued at $386,000 after buying an additional 540 shares during the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.
Curtiss-Wright Corporation 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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