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

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.21 per share by the aerospace company on Tuesday, December 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Friday, November 22nd.

Curtiss-Wright has increased its dividend payment by an average of 5.1% annually over the last three years. Curtiss-Wright has a payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of CW opened at $361.24 on Thursday. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. The firm has a market capitalization of $13.71 billion, a PE ratio of 34.18 and a beta of 1.17. The firm has a 50-day moving average price of $346.40 and a 200 day moving average price of $305.73. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

CW has been the topic of a number of research reports. Truist Financial boosted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Morgan Stanley boosted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.40.

Insider Buying and Selling

In related news, 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 value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by corporate 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.