Curtiss-Wright Corp. Plans Quarterly Dividend of $0.17 (NYSE:CW)

Curtiss-Wright Corp. (NYSE:CW) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.17 per share by the aerospace company on Friday, December 6th. This represents a $0.68 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Wednesday, November 27th.

NYSE:CW opened at $137.85 on Tuesday. Curtiss-Wright has a 1-year low of $95.23 and a 1-year high of $142.97. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $133.15 and a 200 day simple moving average of $125.17. The stock has a market capitalization of $5.83 billion, a PE ratio of 21.64, a P/E/G ratio of 2.30 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.12. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. The business had revenue of $614.88 million during the quarter, compared to analysts’ expectations of $624.15 million. During the same period last year, the business earned $1.70 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Curtiss-Wright will post 7.19 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Curtiss-Wright from $134.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Stifel Nicolaus set a $150.00 target price on shares of Curtiss-Wright and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Wednesday, September 11th. Finally, ValuEngine cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $141.80.

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 1,935 shares of Curtiss-Wright stock in a transaction on Friday, September 20th. The shares were sold at an average price of $129.87, for a total transaction of $251,298.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Charles Adams sold 886 shares of Curtiss-Wright stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $141.00, for a total transaction of $124,926.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,498 shares of company stock valued at $5,414,628. Company insiders own 0.90% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Dividend History for Curtiss-Wright (NYSE:CW)

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