Curtiss-Wright Corp. (CW) To Go Ex-Dividend on October 5th
Curtiss-Wright Corp. (NYSE:CW) announced a quarterly dividend on Wednesday, September 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, October 5th.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 90.79 on Tuesday. The firm has a market cap of $4.03 billion, a PE ratio of 23.64 and a beta of 1.27. Curtiss-Wright Corp. has a 52 week low of $62.57 and a 52 week high of $91.65. The stock’s 50 day moving average is $89.15 and its 200-day moving average is $83.67.
Curtiss-Wright Corp. (NYSE:CW) last posted its earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm earned $532.80 million during the quarter, compared to analysts’ expectations of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, equities analysts predict that Curtiss-Wright Corp. will post $4.10 EPS for the current fiscal year.
Several equities research analysts recently weighed in on CW shares. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th. Zacks Investment Research cut Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, William Blair initiated coverage on Curtiss-Wright Corp. in a research note on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price objective for the company.
In other Curtiss-Wright Corp. news, Director John B. Nathman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the completion of the sale, the director now owns 5,455 shares in the company, valued at $495,150.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Tom P. Quinly sold 8,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. raised its position in Curtiss-Wright Corp. by 1.7% in the second quarter. Teachers Advisors Inc. now owns 70,450 shares of the company’s stock worth $5,935,000 after buying an additional 1,153 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Curtiss-Wright Corp. by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 211,671 shares of the company’s stock worth $17,833,000 after buying an additional 3,608 shares during the last quarter. TFS Capital LLC bought a new position in Curtiss-Wright Corp. during the second quarter worth about $713,000. FMR LLC raised its position in Curtiss-Wright Corp. by 13.2% in the second quarter. FMR LLC now owns 1,230,965 shares of the company’s stock worth $103,709,000 after buying an additional 143,302 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in Curtiss-Wright Corp. during the second quarter worth about $493,000. 77.11% of the stock is currently owned by institutional investors and hedge funds.
About Curtiss-Wright Corp.
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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