Curtiss-Wright Corporation (CW) Announces Quarterly Dividend of $0.15
Curtiss-Wright Corporation (NYSE:CW) announced a quarterly dividend on Wednesday, September 13th, RTT News reports. Stockholders of record on Friday, October 6th will be paid a dividend of 0.15 per share by the aerospace company on Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13.
Curtiss-Wright Corporation has raised its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Curtiss-Wright Corporation has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright Corporation to earn $4.98 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 10.4%.
Shares of Curtiss-Wright Corporation (CW) opened at 98.61 on Thursday. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $107.61. The firm has a market capitalization of $4.35 billion, a PE ratio of 22.37 and a beta of 1.26. The stock’s 50 day moving average price is $96.31 and its 200-day moving average price is $92.90.
Curtiss-Wright Corporation (NYSE:CW) last released its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same period last year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
A number of research firms have weighed in on CW. BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $103.00 to $112.00 in a report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.25.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the sale, the director now directly owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
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Curtiss-Wright Corporation 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.
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