Curtiss-Wright Co. (CW) To Go Ex-Dividend on March 27th

Curtiss-Wright Co. (NYSE:CW) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.21 per share by the aerospace company on Monday, April 14th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th.

Curtiss-Wright has raised its dividend by an average of 5.3% per year over the last three years. Curtiss-Wright has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $11.81 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 7.1%.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $354.87 on Friday. Curtiss-Wright has a one year low of $224.18 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a market cap of $13.47 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.47 and a beta of 1.19. The stock’s fifty day moving average is $359.90 and its 200 day moving average is $339.19.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Finally, Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Company Profile

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.