Curtiss-Wright Co. (NYSE:CW – Get Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, June 17th will be given a dividend of 0.19 per share by the aerospace company on Friday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, June 16th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.18.
Curtiss-Wright has raised its dividend by an average of 5.8% annually over the last three years and has increased its dividend every year for the last 1 years. Curtiss-Wright has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $8.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 8.2%.
NYSE CW opened at $137.37 on Friday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 22.23 and a beta of 1.37. Curtiss-Wright has a one year low of $111.26 and a one year high of $162.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.08. The business’s fifty day moving average is $148.55 and its 200-day moving average is $140.02.
In other news, Chairman David Charles Adams sold 4,262 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $137.25, for a total transaction of $584,959.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 435 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $144.66, for a total value of $62,927.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,335 shares of company stock worth $3,566,091. Company insiders own 0.62% of the company’s stock.
Several institutional investors have recently made changes to their positions in CW. BlackRock Inc. raised its holdings in shares of Curtiss-Wright by 18.8% during the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after acquiring an additional 680,850 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Curtiss-Wright during the first quarter valued at approximately $7,062,000. Federated Hermes Inc. raised its holdings in Curtiss-Wright by 638.9% in the first quarter. Federated Hermes Inc. now owns 50,341 shares of the aerospace company’s stock worth $7,559,000 after purchasing an additional 43,528 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Curtiss-Wright by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 638,153 shares of the aerospace company’s stock worth $95,828,000 after purchasing an additional 16,948 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC raised its holdings in Curtiss-Wright by 159.0% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 25,904 shares of the aerospace company’s stock worth $3,592,000 after purchasing an additional 15,904 shares in the last quarter. Institutional investors own 81.61% of the company’s stock.
CW has been the topic of a number of research reports. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Friday. Morgan Stanley upped their price target on Curtiss-Wright from $180.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, March 1st. Finally, Berenberg Bank began coverage on Curtiss-Wright in a research report on Friday, January 21st. They set a “buy” rating and a $170.00 price target on the stock.
About Curtiss-Wright (Get Rating)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
- Get a free copy of the StockNews.com research report on Curtiss-Wright (CW)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.