News stories about Curtiss-Wright Corporation (NYSE:CW) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Curtiss-Wright Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 47.8822074399479 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts recently commented on CW shares. Stifel Nicolaus boosted their price target on Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Curtiss-Wright Corporation currently has a consensus rating of “Buy” and a consensus price target of $126.67.
Curtiss-Wright Corporation (NYSE:CW) opened at $118.46 on Wednesday. The company has a market capitalization of $5,218.74, a P/E ratio of 24.74, a P/E/G ratio of 2.01 and a beta of 1.25. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $120.54.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The firm had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same period in the previous year, the company posted $1.02 EPS. Curtiss-Wright Corporation’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts predict that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is presently 12.45%.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total value of $153,335.00. Following the transaction, the director now directly owns 13,660 shares of the company’s stock, valued at approximately $1,611,197. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the transaction, the vice president now directly owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,865 shares of company stock worth $4,708,944. 1.10% of the stock is currently owned by corporate insiders.
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About Curtiss-Wright Corporation
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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