Curtiss-Wright Co. to Issue Quarterly Dividend of $0.21 (NYSE:CW)

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be given a dividend of 0.21 per share by the aerospace company on Tuesday, December 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd.

Curtiss-Wright has raised its dividend payment by an average of 5.1% per year over the last three years. Curtiss-Wright has a payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $11.65 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 7.2%.

Curtiss-Wright Stock Down 6.3 %

CW opened at $361.14 on Friday. The business’s fifty day simple moving average is $341.49 and its 200 day simple moving average is $302.67. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 52 week low of $209.01 and a 52 week high of $393.40. The stock has a market cap of $13.71 billion, a PE ratio of 34.17 and a beta of 1.17.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Truist Financial upped their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley upped their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.60.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.