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Reasons to Add Curtiss-Wright (CW) Stock to Your Portfolio
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Curtiss-Wright Corp.’s (CW - Free Report) precision components are supplied to the aerospace, defense, general industrial and power generation markets, and the increasing adoption of nuclear power and alternative energy sources acts as a tailwind, boosting its performance. Given its growth prospects, CW makes for a solid investment option in the aerospace sector.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for CW’s 2024 EPS has increased 0.3% to $10.16 per share over the past 60 days. The Zacks Consensus Estimate for 2024 revenues is pegged at $2.99 billion, which implies a year-over-year rise of 5%.
The company delivered an average earnings surprise of 7.7% in the last four quarters.
Return on Equity
Return on equity (ROE) indicates how efficiently a company has been utilizing funds to generate higher returns. Currently, CW’s ROE is 16.61%, higher than the industry’s average of 12.63%. This indicates that the company has been utilizing funds more constructively than its peers in the electricity utility industry.
Solvency & Liquidity
CW’s times interest earned ratio (TIE) at the end of the fourth quarter of 2023 was 10. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.
The company’s current ratio at the end of the fourth quarter was 2.13, higher than the industry’s average of 1.51. The ratio, being greater than one, indicates Curtiss-Wright’s ability to meet its future short-term liabilities without difficulties.
Dividend History
Curtiss-Wright has been consistently increasing shareholder value by steadily paying dividends. In February 2024, CW announced a quarterly dividend of 20 cents per share, resulting in an annualized dividend of 80 cents. The company’s current dividend yield is 0.32%, better than the industry's average of 0.21%.
Price Performance
In the past three months, the stock has risen 11.5% compared with the industry’s average growth of 8.9%.
Leidos’ long-term (three to five years) earnings growth rate is pegged at 9.3%. The Zacks Consensus Estimate for LDOS’ 2024 sales is pegged at $15.97 billion, which indicates a year-over-year improvement of 3.5%.
Spire delivered an average earnings surprise of 28% in the last four quarters. The Zacks Consensus Estimate for SPIR’s 2024 sales is pegged at $140.73 million, which implies a year-over-year improvement of 33.1%.
VirTra’s long-term earnings growth rate is pegged at 30%. The Zacks Consensus Estimate for VTSI’s 2024 sales is pegged at $43.49 million, which calls for a year-over-year improvement of 14.3%.
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Reasons to Add Curtiss-Wright (CW) Stock to Your Portfolio
Curtiss-Wright Corp.’s (CW - Free Report) precision components are supplied to the aerospace, defense, general industrial and power generation markets, and the increasing adoption of nuclear power and alternative energy sources acts as a tailwind, boosting its performance. Given its growth prospects, CW makes for a solid investment option in the aerospace sector.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for CW’s 2024 EPS has increased 0.3% to $10.16 per share over the past 60 days. The Zacks Consensus Estimate for 2024 revenues is pegged at $2.99 billion, which implies a year-over-year rise of 5%.
The company delivered an average earnings surprise of 7.7% in the last four quarters.
Return on Equity
Return on equity (ROE) indicates how efficiently a company has been utilizing funds to generate higher returns. Currently, CW’s ROE is 16.61%, higher than the industry’s average of 12.63%. This indicates that the company has been utilizing funds more constructively than its peers in the electricity utility industry.
Solvency & Liquidity
CW’s times interest earned ratio (TIE) at the end of the fourth quarter of 2023 was 10. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.
The company’s current ratio at the end of the fourth quarter was 2.13, higher than the industry’s average of 1.51. The ratio, being greater than one, indicates Curtiss-Wright’s ability to meet its future short-term liabilities without difficulties.
Dividend History
Curtiss-Wright has been consistently increasing shareholder value by steadily paying dividends. In February 2024, CW announced a quarterly dividend of 20 cents per share, resulting in an annualized dividend of 80 cents. The company’s current dividend yield is 0.32%, better than the industry's average of 0.21%.
Price Performance
In the past three months, the stock has risen 11.5% compared with the industry’s average growth of 8.9%.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks from the same sector are Leidos (LDOS - Free Report) , Spire (SPIR - Free Report) and VirTra (VTSI - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Leidos’ long-term (three to five years) earnings growth rate is pegged at 9.3%. The Zacks Consensus Estimate for LDOS’ 2024 sales is pegged at $15.97 billion, which indicates a year-over-year improvement of 3.5%.
Spire delivered an average earnings surprise of 28% in the last four quarters. The Zacks Consensus Estimate for SPIR’s 2024 sales is pegged at $140.73 million, which implies a year-over-year improvement of 33.1%.
VirTra’s long-term earnings growth rate is pegged at 30%. The Zacks Consensus Estimate for VTSI’s 2024 sales is pegged at $43.49 million, which calls for a year-over-year improvement of 14.3%.