Curtiss-Wright Co. (CW) to Issue Quarterly Dividend of $0.21 on April 14th

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Wednesday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.21 per share by the aerospace company on Monday, April 14th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, March 27th.

Curtiss-Wright has increased its dividend by an average of 5.3% annually over the last three years. Curtiss-Wright has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Curtiss-Wright to earn $13.06 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 6.4%.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $336.56 on Tuesday. The stock has a market capitalization of $12.67 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright has a one year low of $246.43 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business’s 50 day simple moving average is $336.99 and its two-hundred day simple moving average is $346.08.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insiders Place Their Bets

In related news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

About Curtiss-Wright

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.