Curtiss-Wright Co. (NYSE:CW) announced a quarterly dividend on Wednesday, November 18th, Fidelity reports. Stockholders of record on Wednesday, November 25th will be given a dividend of 0.17 per share by the aerospace company on Thursday, December 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 24th.
Curtiss-Wright has increased its dividend payment by 26.9% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of NYSE CW opened at $111.65 on Friday. Curtiss-Wright has a 12-month low of $70.56 and a 12-month high of $149.90. The stock has a market cap of $4.63 billion, a PE ratio of 20.01 and a beta of 1.34. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $97.02 and a 200 day moving average of $95.96.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 28th. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.32. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%. On average, sell-side analysts forecast that Curtiss-Wright will post 6.83 EPS for the current fiscal year.
Several brokerages recently issued reports on CW. TheStreet raised shares of Curtiss-Wright from a “c” rating to a “b-” rating in a research note on Monday, November 9th. ValuEngine upgraded shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Monday, November 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $120.25.
In other news, CEO David Charles Adams sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $112.00, for a total value of $280,000.00. Following the transaction, the chief executive officer now directly owns 57,556 shares in the company, valued at approximately $6,446,272. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.
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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