Curtiss-Wright Corporation (CW) is an illustrious global company that specializes in designing, manufacturing, and overhauling a broad range of products related to precision control and flow of fluids in harsh and severe environments. This multinational corporation, established in 1929, holds a globally respected reputation in sectors such as Defense, Aerospace, and Industrial markets. CW is headquartered in Davidson, North Carolina, USA.
The company's diversified business portfolio includes highly engineered products and services with a variety of applications in a wide range of sectors. CURTISS WRIGHT CORP operates under three major segments: Commercial/Industrial, Defense, and Power. The Commercial/Industrial segment engages in surface treatment services; the manufacture of pneumatic, hydraulic and electro-mechanical actuation, as well as control components and systems. The Defense segment serves as a leading supplier of highly engineered valves, pumps, motors, power electronics, and more for the U.S. Navy's nuclear-powered ship fleet. The Power segment, on the other hand, offers system solutions and precision equipment, targeting services mainly to the global nuclear power industry.
With advanced technologies and a skilled workforce, CW has established a strong global footprint. The company has approximately 8,600 employees and hundreds of facilities spread across 19 countries, thereby ensuring it remains operational and accessible across the globe.
An intriguing facet of CURTISS WRIGHT CORP’s journey is the fact that its founders, Glenn Curtiss and the Wright brothers, were pioneers in the field of flight in the late 19th and early 20th centuries. In essence, the company's roots trace back to the very inception of flight. It is this innovative spirit that has driven CW to consistently strive for excellence and innovation in the sectors they operate in.
CW is listed on the New York Stock Exchange under the ticker symbol CW. Over the years, the company has had a solid financial performance, with its revenues and profits trending upwards. Also, the stock price has also been in an upward trajectory, reflecting the financial health and investment attractiveness of the company.
CURTISS WRIGHT CORP endeavors to uphold a commitment to integrity and transparency in its operations which it perceives as key to maintaining trust with stakeholders and ensuring sustainable growth. It also prioritizes safety and environmental responsibility in its operations and products.
Although deeply rooted in history, CURTISS WRIGHT CORP remains oriented towards the future. The company continuously invests in research and development, seeking to drive innovation, improve its product offering and creativity effectively respond to the ever-evolving market demands.
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Curtiss-Wright Corp. has announced the appointment of Kevin Rayment as its new president and CEO, effective January 1. Rayment, who has 35 years of experience in relevant markets and previously served as COO, will also join the board. He succeeds Lynn Bamford, who will transition to executive chairwoman after six years as CEO.
Curtiss-Wright Corporation has announced that Chief Operating Officer Kevin Rayment will take over as President and CEO on January 1, succeeding Lynn Bamford. Bamford is set to retire after serving as CEO for six years. This transition is part of a planned leadership change within the company.
Bank of America Corp DE has acquired 163,744 shares of Curtiss-Wright Corporation, valued at approximately $124.1 million, representing a 0.44% stake in the company. Institutional investors collectively own 82.71% of Curtiss-Wright, which recently exceeded earnings expectations with EPS of $3.72 and increased its quarterly dividend. Analysts maintain a "Moderate Buy" rating with an average price target of $768.25.
Guggenheim has upgraded Curtiss-Wright (NYSE:CW) to a "strong-buy" rating, although the broader analyst consensus remains a "Moderate Buy" with an average price target of $768.25. The company recently reported quarterly EPS of $3.72, surpassing estimates, and revenue increased by 5.4% year-over-year to $924.01 million. Shares opened at $570.76, while institutional investors own a significant 82.71% of the stock.
Guggenheim initiated coverage on Curtiss-Wright Corp. (NYSE:CW) with a buy rating and a price target of $786, citing increasing global defense spending and elevated demand for power generation as key drivers. The firm anticipates significant growth in the company's commercial nuclear exposed revenue streams and its defense portfolio. Curtiss-Wright, recognized as a best-of-breed aerospace and defense company, also recently reported strong second-quarter earnings, exceeding profit expectations.
National Pension Service significantly increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 2,974.9% in Q2, bringing its total to 63,928 shares valued at approximately $48.4 million. Despite cautious analyst sentiment with an average "Hold" rating, Curtiss-Wright exceeded Q2 EPS estimates, saw a 5.4% revenue increase, and raised its quarterly dividend. The company's stock opened at $558.50, considerably below its 12-month high.
Curtiss-Wright Corporation (NYSE:CW) has announced an 8.3% increase in its quarterly dividend to $0.26 per share, marking its eighth consecutive year of dividend hikes. The aerospace company boasts a low payout ratio of 7.7% and recently reported strong quarterly earnings of $3.72 per share, exceeding analyst expectations. Despite recent insider stock sales, institutional investors and hedge funds hold a significant portion of the company's shares.
Baird Financial Group Inc. reduced its stake in Curtiss-Wright Corporation by 37.7% in the second quarter, selling over 30,000 shares but still holding 51,077 shares valued at $38.7 million. Despite institutional investors owning a significant portion of the company, analysts maintain a "Hold" consensus rating with an average price target of $765.71. Curtiss-Wright recently reported strong quarterly earnings, beating EPS estimates, although its stock opened significantly below its 52-week high.