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

Curtiss-Wright Co. (NYSE:CW) 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 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, March 27th.

Curtiss-Wright has increased its dividend payment by an average of 5.3% annually over the last three years. Curtiss-Wright has a payout ratio of 6.5% meaning 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

NYSE:CW traded down $0.60 during trading hours on Thursday, reaching $350.33. The stock had a trading volume of 217,563 shares, compared to its average volume of 277,290. The stock has a market cap of $13.29 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. Curtiss-Wright has a 12-month low of $224.18 and a 12-month high of $393.40. 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 stock has a 50 day simple moving average of $360.70 and a 200 day simple moving average of $338.60.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CW. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Stifel Nicolaus lowered 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, November 18th. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

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.