Curtiss-Wright Corp. (CW) Declares $0.13 Quarterly Dividend
Curtiss-Wright Corp. (NYSE:CW) declared a quarterly dividend on Wednesday, September 21st. Investors of record on Friday, October 7th will be paid a dividend of 0.13 per share on Friday, October 21st. This represents a $0.52 annualized dividend and a yield of 0.59%.
In other Curtiss-Wright Corp. news, VP Tom P. Quinly sold 8,500 shares of Curtiss-Wright Corp. stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total value of $763,130.00. Following the sale, the vice president now directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Dr Sihler sold 797 shares of Curtiss-Wright Corp. stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $82.06, for a total transaction of $65,401.82. Following the completion of the sale, the director now owns 7,521 shares in the company, valued at $617,173.26. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Curtiss-Wright Corp. during the second quarter worth about $5,055,000. AHL Partners LLP increased its stake in shares of Curtiss-Wright Corp. by 65.4% in the second quarter. AHL Partners LLP now owns 22,150 shares of the company’s stock worth $1,867,000 after buying an additional 8,758 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Curtiss-Wright Corp. during the second quarter worth about $285,000. AQR Capital Management LLC increased its stake in shares of Curtiss-Wright Corp. by 564.0% in the second quarter. AQR Capital Management LLC now owns 164,265 shares of the company’s stock worth $13,839,000 after buying an additional 139,527 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Curtiss-Wright Corp. by 375.3% in the second quarter. Panagora Asset Management Inc. now owns 13,784 shares of the company’s stock worth $1,161,000 after buying an additional 10,884 shares in the last quarter. Institutional investors own 77.11% of the company’s stock.
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Several research analysts recently issued reports on CW shares. Zacks Investment Research upgraded shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Deutsche Bank AG restated a “buy” rating and set a $95.00 price target (up from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th. Finally, William Blair started coverage on shares of Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price target for the company.
Curtiss-Wright Corp. (NYSE:CW) traded up 1.89% during mid-day trading on Wednesday, reaching $87.89. 124,053 shares of the company’s stock traded hands. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 22.88 and a beta of 1.24. Curtiss-Wright Corp. has a one year low of $60.73 and a one year high of $91.56. The firm’s 50-day moving average price is $89.00 and its 200 day moving average price is $82.44.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $532.80 million for the quarter, compared to the consensus estimate of $523.84 million. Curtiss-Wright Corp. had a net margin of 8.21% and a return on equity of 14.15%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. On average, equities analysts forecast that Curtiss-Wright Corp. will post $4.10 EPS for the current year.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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