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

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.23%. The ex-dividend date is Friday, November 22nd.

Curtiss-Wright has raised its dividend payment by an average of 5.1% annually over the last three years. Curtiss-Wright has a payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. 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 Up 2.5 %

CW stock opened at $361.93 on Wednesday. The stock has a market capitalization of $13.74 billion, a P/E ratio of 34.24 and a beta of 1.17. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 12 month low of $209.01 and a 12 month high of $393.40. The firm has a 50-day moving average price of $345.18 and a 200-day moving average price of $305.34.

Analyst Ratings Changes

Several research firms have recently issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Truist Financial increased their target price 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. Finally, Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.40.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% 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.