Curtiss-Wright Corporation (CW) to Issue Quarterly Dividend of $0.26 on October 9th

Curtiss-Wright Corporation (NYSE:CW) declared a quarterly dividend on Thursday, September 10th. Investors of record on Friday, September 25th will be paid a dividend of 0.26 per share by the aerospace company on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. This is a 8.3% increase from Curtiss-Wright’s previous quarterly dividend of $0.24.

Curtiss-Wright has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Curtiss-Wright has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $17.13 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 6.1%.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $550.83 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright has a fifty-two week low of $502.00 and a fifty-two week high of $808.16. The firm has a fifty day moving average price of $652.06 and a two-hundred day moving average price of $699.89. The company has a market cap of $20.34 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.56 and a beta of 0.84.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the firm posted $3.23 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Curtiss-Wright will post 15.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CW shares. Piper Sandler began coverage on Curtiss-Wright in a report on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective on the stock. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup boosted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $768.25.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.