Curtiss-Wright (NYSE:CW) Sets New 12-Month High Following Dividend Announcement

Curtiss-Wright Corporation (NYSE:CW)’s share price hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $754.57 and last traded at $753.02, with a volume of 154501 shares trading hands. The stock had previously closed at $735.34.

The newly announced dividend which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.03%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CW. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $738.83.

Curtiss-Wright Price Performance

The company’s 50 day simple moving average is $706.53 and its 200 day simple moving average is $641.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The stock has a market cap of $26.42 billion, a P/E ratio of 52.40, a P/E/G ratio of 3.48 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. During the same period last year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the sale, the chief executive officer directly owned 50,634 shares in the company, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer directly owned 5,518 shares in the company, valued at approximately $3,738,224.28. This represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 5,961 shares of company stock valued at $4,039,279. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright during the third quarter worth $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC increased its holdings in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. First Horizon Corp bought a new position in Curtiss-Wright during the 3rd quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.