Curtiss-Wright Co. (NYSE:CW – Get Free Report) announced 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 annualized dividend and a 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% per year over the last three years. Curtiss-Wright has a dividend payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 6.3 %
Shares of CW stock traded down $24.28 during trading on Thursday, hitting $361.14. 568,159 shares of the stock traded hands, compared to its average volume of 224,169. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. The firm has a market capitalization of $13.71 billion, a P/E ratio of 36.46 and a beta of 1.17. The firm’s fifty day moving average price is $340.29 and its 200-day moving average price is $302.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.
Insider Transactions at Curtiss-Wright
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their price target on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $362.60.
Check Out Our Latest Analysis on CW
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.
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