Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power. The Commercial/Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial aircrafts; valves for use in the industrial markets; and surface technology services, including shot peening, laser peening, coatings, and advanced testing. The Defense segment provides commercial off-the-shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, turret aiming and stabilization products, and weapons handling systems; avionics and electronics; and aircraft data management solutions to the commercial aerospace market. The Power segment offers hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products for nuclear power plants and nuclear equipment manufacturers; and naval propulsion and auxiliary equipment, including coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, as well as ship repair and maintenance services primarily to the U.S. navy. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Davidson, North Carolina.Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power. The Commercial/Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial aircrafts; valves for use in the industrial markets; and surface technology services, including shot peening, laser peening, coatings, and advanced testing. The Defense segment provides commercial off-the-shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, turret aiming and stabilization products, and weapons handling systems; avionics and electronics; and aircraft data management solutions to the commercial aerospace market. The Power segment offers hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products for nuclear power plants and nuclear equipment manufacturers; and naval propulsion and auxiliary equipment, including coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, as well as ship repair and maintenance services primarily to the U.S. navy. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Davidson, North Carolina.
IPO Year:
Exchange: NYSE
Website: curtisswright.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $370.00 | Buy → Hold | Stifel |
| 10/29/2024 | $412.00 | Overweight | Alembic Global Advisors |
| 3/25/2024 | $250.00 → $240.00 | Buy → Hold | Truist |
| 8/7/2023 | $188.00 → $229.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/19/2023 | Outperform | William Blair | |
| 12/12/2022 | $187.00 → $188.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/11/2022 | $170.00 | Outperform | Wolfe Research |
| 3/1/2022 | $180.00 → $189.00 | Overweight | Morgan Stanley |
| 1/21/2022 | $170.00 | Buy | Berenberg |
| 12/3/2021 | $180.00 | Overweight | Morgan Stanley |
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Curtiss-Wright Corporation (NYSE:CW) today announced that Paul J. Ferdenzi, Vice President, General Counsel and Corporate Secretary, plans to retire after a distinguished 25-year career with the Company. Mr. Ferdenzi will continue to serve as a Vice President of the Company to assist the Executive Team with the transition until his retirement at the end of this year. As part of its formal succession plan, the Board of Directors announced that, effective immediately, George P. McDonald has been promoted to Vice President, General Counsel and Corporate Secretary, and has been named an officer of the Company. Mr. McDonald has served as the Company's Deputy General Counsel since May 2024 and
Curtiss-Wright Corporation (NYSE:CW) today announced that the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable December 3, 2024, to stockholders of record as of November 22, 2024. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engi
Curtiss-Wright Corporation (NYSE:CW) today announced that Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will participate in the Baird 2024 Global Industrial Conference. A fireside chat discussion and simultaneous webcast will take place on Thursday, November 14, 2024, at 9:40 am CT (10:40 am ET). There will be no formal presentation at this event. A link to the webcast and a copy of the latest slide presentation will be available in the Investor Relations section of Curtiss-Wright's website at www.curtisswright.com. A replay will be available for 90 days on the company's website shortly after the completion of the
Curtiss-Wright Corporation (NYSE:CW) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Reported sales of $799 million, up 10%; Reported operating income of $145 million, operating margin of 18.1%, and diluted earnings per share (EPS) of $2.89; Adjusted operating income of $149 million, up 11%; Adjusted operating margin of 18.7%, up 20 basis points; Adjusted diluted EPS of $2.97, up 17%; New orders of $860 million, up 2%, reflected a book-to-bill of 1.1x driven by solid demand within our Aerospace & Defense (A&D) markets; Backlog of $3.3 billion, up 16% year-to-date; and Free cash flow (FCF) of $163 million, generating 1
Curtiss-Wright Corporation (NYSE:CW) congratulates X-Energy Reactor Company, LLC (X-energy) on its collaboration with Amazon to generate and deliver more than 5 gigawatts of new power projects across the U.S. by 2039, representing the largest commercial deployment target of Small Modular Reactors (SMRs) to date. The partnership will support future carbon-free projects that will use X-energy's Xe-100 advanced SMRs as well as long-term power purchase agreements to power Amazon operations, including energy-intensive data centers. Through its collaboration with Amazon, X-energy plans to build one of North America's first grid-scale advanced nuclear reactors with Energy Northwest in Washington
Curtiss-Wright Corporation (NYSE:CW) expects to release its third quarter 2024 financial results after the close of trading on Wednesday, October 30, 2024. A webcast conference call will be held on Thursday, October 31, 2024 at 10:00 am ET for management to discuss the Company's third quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. The financial press release, access to the webcast and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations/. In addition, the dial-in nu
Curtiss-Wright's Nuclear Division and Westinghouse Electric Company announced today that they have signed a Memorandum of Understanding (MoU) to support AP1000® and AP300™ projects in Canada. The MoU leverages Curtiss-Wright's comprehensive and diverse portfolio of advanced nuclear power equipment, technology, and services to complement Westinghouse's resources in new build opportunities. "Building on our heritage as a global supplier of nuclear reactor technologies, we are pleased to announce this relationship with Westinghouse as they continue to advance their AP1000 and AP300 reactor technologies in Canada and around the world," said Kurt Mitchell, Senior Vice President and General Mana
Declares Quarterly Dividend Of $0.21 Per Share For Common Stock Curtiss-Wright Corporation (NYSE:CW) today announced a $100 million expansion of its 2024 share repurchase program, which is now expected to result in annual share repurchases of $150 million in 2024. In addition, the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable October 11, 2024 to stockholders of record as of September 27, 2024. "Curtiss-Wright is committed to a disciplined capital allocation strategy focused on supplementing our organic growth with strategic acquisitions, reinvesting in our business, and returning capital to shareholders," sai
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
Curtiss-Wright Corporation (NYSE:CW) today announced that it has been awarded a $26 million multi-year contract by the Belgian Air Force to implement a modernization program for its aircraft arresting systems. Under the agreement, Curtiss-Wright will provide new cable systems and related turnkey services to three airbases to support the upcoming delivery of the F-35 to Belgium, as well as safeguard its emergency takeoff and landing phases. The contract also provides various services, spares, repair, and overhaul supporting the Belgian Air Force's military flight operations. "As a leading global supplier of military aircraft arresting systems and support capabilities, Curtiss-Wright is p
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Curtiss-Wright Corporation (NYSE:CW) today announced that the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable December 3, 2024, to stockholders of record as of November 22, 2024. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engi
Curtiss-Wright Corporation (NYSE:CW) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Reported sales of $799 million, up 10%; Reported operating income of $145 million, operating margin of 18.1%, and diluted earnings per share (EPS) of $2.89; Adjusted operating income of $149 million, up 11%; Adjusted operating margin of 18.7%, up 20 basis points; Adjusted diluted EPS of $2.97, up 17%; New orders of $860 million, up 2%, reflected a book-to-bill of 1.1x driven by solid demand within our Aerospace & Defense (A&D) markets; Backlog of $3.3 billion, up 16% year-to-date; and Free cash flow (FCF) of $163 million, generating 1
Curtiss-Wright Corporation (NYSE:CW) expects to release its third quarter 2024 financial results after the close of trading on Wednesday, October 30, 2024. A webcast conference call will be held on Thursday, October 31, 2024 at 10:00 am ET for management to discuss the Company's third quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. The financial press release, access to the webcast and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations/. In addition, the dial-in nu
Declares Quarterly Dividend Of $0.21 Per Share For Common Stock Curtiss-Wright Corporation (NYSE:CW) today announced a $100 million expansion of its 2024 share repurchase program, which is now expected to result in annual share repurchases of $150 million in 2024. In addition, the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable October 11, 2024 to stockholders of record as of September 27, 2024. "Curtiss-Wright is committed to a disciplined capital allocation strategy focused on supplementing our organic growth with strategic acquisitions, reinvesting in our business, and returning capital to shareholders," sai
Curtiss-Wright Corporation (NYSE:CW) reports financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Reported sales of $785 million, up 11%; Reported operating income of $129 million, operating margin of 16.4%, and diluted earnings per share (EPS) of $2.58; Adjusted operating income of $133 million, up 16%; Adjusted operating margin of 17.0%, up 60 basis points; Adjusted diluted EPS of $2.67, up 24%; New orders of $995 million, up 18%, reflected a book-to-bill of approximately 1.3x driven by strong demand within our Aerospace & Defense (A&D) markets; Backlog of $3.2 billion, up 13% year-to-date; and Free cash flow (FCF) of $100
Curtiss-Wright Corporation (NYSE:CW) expects to release its second quarter 2024 financial results after the close of trading on Wednesday, August 7, 2024. A webcast conference call will be held on Thursday, August 8, 2024 at 10:00 am ET for management to discuss the Company's second quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. The financial press release, access to the webcast and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations/. In addition, the dial-in nu
Curtiss-Wright Corporation (NYSE:CW) today announced that the Board of Directors has authorized an additional $300 million for future share repurchases, increasing the total available authorization to $400 million, and declared a 5% increase in the quarterly dividend to twenty-one cents ($0.21) per share, payable July 5, 2024 to stockholders of record as of June 17, 2024. "We believe in providing consistent returns to our shareholders through ongoing share repurchases and by steadily increasing our dividend in alignment with our long-term sales growth," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "These recent increases reflect our Board of Directors' continued conf
Curtiss-Wright Corporation (NYSE:CW) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: Reported sales of $713 million, up 13%, operating income of $100 million, up 27%, operating margin of 14.0%, and diluted earnings per share (EPS) of $1.99; Adjusted operating income of $100 million, up 23%; Adjusted operating margin of 14.0%, up 110 basis points; Adjusted diluted EPS of $1.99, up 30%; and New orders of $901 million, up 26%, reflected a book-to-bill that exceeded 1.25x driven by strong demand within our Aerospace & Defense (A&D) markets. Raised Full-Year 2024 Financial Guidance: Sales increased to new range of 5% to
Curtiss-Wright Corporation (NYSE:CW) expects to release its first quarter 2024 financial results after the close of trading on Wednesday, May 1, 2024. A webcast conference call will be held on Thursday, May 2, 2024 at 10:00 am ET for management to discuss the Company's first quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. The financial press release, access to the webcast and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations/. In addition, the dial-in number for
A Leading Global Supplier of Power Plant Control Room Simulation Technology to the Commercial Nuclear and Process Industries Curtiss-Wright Corporation (NYSE:CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash. WSC is a leading provider of state-of-the-art simulation technology that supports the design, commissioning, and reliable operation of commercial nuclear power generation and process plants worldwide with an installed base of over 225 plant simulators. WSC generated sales of approximately $15 million in 2023 and is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of own
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that Kevin M. Rayment, currently President of the Commercial / Industrial Segment, will be named Chief Operating Officer following Thomas (Tom) P. Quinly’s planned retirement as Vice President and COO on April 1, 2021. "I am pleased to announce the promotion of Kevin Rayment as Curtiss-Wright's next Chief Operating Officer,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “He continues to play a key role in executing our strategic growth initiatives, delivering significant financial performance and integrating acquisitions. Most recently, he led the Commercial / Industria
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that, as part of its formal succession plan, its Board of Directors has named Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who plans to retire after a distinguished 18-year career with the Company, with the past 15 years as Treasurer. "I am pleased to announce the promotion of Bob Freda as Curtiss-Wright's next Treasurer,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “He has been a strong contributor to our corporate finance team over the past 14 years, supporting numerous financial initiatives and has been a key player in acquisition due diligence. Th
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE:CW) today announced a Chief Executive Officer succession plan in which Lynn M. Bamford, currently President of the Defense and Power Segments, will be named President and Chief Executive Officer and a member of the Board of Directors, following David C. Adams’ planned retirement as CEO on January 1, 2021. To ensure a smooth transition, Mr. Adams, 67, will continue as Executive Chairman of the Board through May 2022, at which time Ms. Bamford will assume the dual role of Chairman and Chief Executive Officer. “It has been a distinct privilege to be associated with Curtiss-Wright’s long legacy for more than 20 years,
Stifel downgraded Curtiss-Wright from Buy to Hold and set a new price target of $370.00
Alembic Global Advisors initiated coverage of Curtiss-Wright with a rating of Overweight and set a new price target of $412.00
Truist downgraded Curtiss-Wright from Buy to Hold and set a new price target of $240.00 from $250.00 previously
Morgan Stanley upgraded Curtiss-Wright from Equal-Weight to Overweight and set a new price target of $229.00 from $188.00 previously
William Blair resumed coverage of Curtiss-Wright with a rating of Outperform
Morgan Stanley downgraded Curtiss-Wright from Overweight to Equal-Weight and set a new price target of $188.00 from $187.00 previously
Wolfe Research initiated coverage of Curtiss-Wright with a rating of Outperform and set a new price target of $170.00
Morgan Stanley reiterated coverage of Curtiss-Wright with a rating of Overweight and set a new price target of $189.00 from $180.00 previously
Berenberg initiated coverage of Curtiss-Wright with a rating of Buy and set a new price target of $170.00
Morgan Stanley initiated coverage of Curtiss-Wright with a rating of Overweight and set a new price target of $180.00
Stifel analyst Nathan Jones maintains Curtiss-Wright (NYSE:CW) with a Buy and raises the price target from $310 to $318.
Curtiss-Wright's (NYSE:CW) short percent of float has risen 34.0% since its last report. The company recently reported that it has 228 thousand shares sold short, which is 0.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Morgan Stanley analyst Kristine Liwag maintains Curtiss-Wright (NYSE:CW) with a Overweight and raises the price target from $284 to $330.
Truist Securities analyst Michael Ciarmoli maintains Curtiss-Wright (NYSE:CW) with a Hold and raises the price target from $252 to $270.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel boosted the price target for Curtiss-Wright Corporation (NYSE:CW) from $293 to $310. Stifel analyst Nathan Jones maintained a Buy rating. Curtiss-Wright shares gained 2.1% to close at $285.21 on Tuesday. See how other analysts view this stock. Baird cut the price target for Nordson Corporation (NASDAQ:NDSN) from $303 to $272. Baird analyst Michael Halloran maintained an Outperform rating. Nordson shares dipped 9.4% to close at $243.14 on Tuesday. See how other analysts view this stock. HC
Stifel analyst Nathan Jones maintains Curtiss-Wright (NYSE:CW) with a Buy and raises the price target from $293 to $310.
Introducing 3-Year Financial Targets (2024 - 2026): Total Organic Revenue CAGR above 5%; Operating Income Growth > Revenue Growth, implying continued operating margin expansion; Top Quartile Margin Performance (relative to CW's proxy peer group); EPS CAGR above 10%; Free Cash Flow Conversion above 105%, based on more normalized capital expenditures; and Targets reflect base year of 2023, and do not include an AP1000 order in this timeframe.
- Under the contract, Curtiss-Wright will provide the USAF with its PacStar® 400 series modules and Commercial Solutions for Classified (CSfC) integration. Curtiss-Wright's products have been approved to provide connectivity to Department of Defense Information Networks (DoDIN) from anywhere in the world. In addition, Curtiss-Wright's solution will use software automation to improve connectivity and network security for multiple classification levels. The contract has an estimated lifetime value in excess of $60 million.
Curtiss-Wright Corporation (NYSE:CW) today announced it has been awarded contracts valued in excess of $130 million to provide propulsion valves, pumps and advanced instrumentation and control systems for the U.S. Navy's Virginia-class nuclear powered attack submarine, Columbia-class submarine and Ford-class aircraft carrier programs. The awards were received from Bechtel Plant Machinery, Inc. (BPMI) to support ship construction, spare parts and submarine back-fit procurements.