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

Curtiss-Wright Co. (NYSE:CW - Get Free Report) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders 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 yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th.

Curtiss-Wright has raised its dividend by an average of 5.3% per year over the last three years. Curtiss-Wright has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $11.81 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 7.1%.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $1.91 during trading on Monday, hitting $353.10. 283,001 shares of the company's stock were exchanged, compared to its average volume of 279,015. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a 52-week low of $225.33 and a 52-week high of $393.40. The business has a 50-day simple moving average of $359.60 and a 200-day simple moving average of $340.53. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.50 and a beta of 1.19.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares of the company's stock, valued at $13,494,977.35. The trade was a 17.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective for the company. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $386.86.

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.