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

Curtiss-Wright Co. (NYSE:CW) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid 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 increased its dividend by an average of 5.1% per year over the last three years. Curtiss-Wright has a dividend payout ratio of 7.1% indicating that 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 Price Performance

Shares of NYSE CW traded down $24.28 during midday trading on Thursday, reaching $361.14. 568,159 shares of the company traded hands, compared to its average volume of 224,169. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm has a market cap of $13.71 billion, a PE ratio of 36.46 and a beta of 1.17. Curtiss-Wright has a 12 month low of $209.01 and a 12 month high of $393.40. The stock’s 50-day simple moving average is $340.29 and its 200-day simple moving average is $302.26.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. This trade represents a 26.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CW has been the topic of several research reports. Stifel Nicolaus upped their price objective 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 raised their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average target price of $362.60.

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.