Curtiss-Wright Corp. Declares Quarterly Dividend of $0.15 (CW)

Curtiss-Wright Corp. (NYSE:CW) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.15 per share by the aerospace company on Thursday, April 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%.

Curtiss-Wright has increased its dividend by an average of 2.5% annually over the last three years and has raised its dividend every year for the last 6 years. Curtiss-Wright has a payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $5.36 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 11.2%.

Curtiss-Wright (CW) traded up $1.39 during trading on Wednesday, hitting $122.53. 175,404 shares of the stock were exchanged, compared to its average volume of 197,721. The company has a market cap of $5,410.00, a P/E ratio of 25.21, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a fifty-two week low of $82.77 and a fifty-two week high of $134.44.

A number of research firms have recently weighed in on CW. Zacks Investment Research downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Stifel Nicolaus restated a “hold” rating and set a $117.00 price target on shares of Curtiss-Wright in a report on Tuesday, October 17th. Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 30th. Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. Finally, Wells Fargo & Co raised their price target on shares of Curtiss-Wright from $100.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Curtiss-Wright has an average rating of “Buy” and a consensus price target of $132.00.

In other news, VP Glenn E. Tynan sold 4,353 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $117.74, for a total transaction of $512,522.22. Following the transaction, the vice president now owns 62,278 shares in the company, valued at approximately $7,332,611.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Charles Adams sold 5,270 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $117.74, for a total transaction of $620,489.80. Following the transaction, the chief executive officer now owns 64,623 shares in the company, valued at approximately $7,608,712.02. The disclosure for this sale can be found here. Insiders sold a total of 22,623 shares of company stock worth $2,710,865 in the last quarter. Insiders own 1.10% of the company’s stock.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Dividend History for Curtiss-Wright (NYSE:CW)

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