Curtiss-Wright (NYSE:CW) declared a quarterly dividend on Wednesday, May 16th, RTT News reports. Shareholders of record on Thursday, June 21st will be paid a dividend of 0.15 per share by the aerospace company on Thursday, July 5th. This represents a $0.60 annualized dividend and a yield of 0.46%.
Curtiss-Wright has raised its dividend payment by an average of 2.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Curtiss-Wright has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Curtiss-Wright to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 9.1%.
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Shares of Curtiss-Wright opened at $131.68 on Thursday, MarketBeat.com reports. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.78 and a current ratio of 2.50. Curtiss-Wright has a 52-week low of $131.68 and a 52-week high of $132.68.
Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.29. Curtiss-Wright had a return on equity of 15.81% and a net margin of 9.85%. The company had revenue of $611.88 million for the quarter, compared to analyst estimates of $589.22 million. equities research analysts anticipate that Curtiss-Wright will post 5.61 earnings per share for the current year.
CW has been the topic of a number of recent research reports. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Thursday, February 8th. ValuEngine upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. William Blair restated a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Seaport Global Securities restated a “buy” rating and issued a $150.00 target price on shares of Curtiss-Wright in a report on Monday, February 26th. Finally, Stifel Nicolaus dropped their target price on Curtiss-Wright from $141.00 to $136.00 and set a “hold” rating on the stock in a report on Friday, May 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $137.25.
In related news, VP Tom P. Quinly sold 14,500 shares of Curtiss-Wright stock in a transaction on Monday, February 26th. The stock was sold at an average price of $137.26, for a total transaction of $1,990,270.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Charles Adams sold 17,414 shares of Curtiss-Wright stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $135.00, for a total value of $2,350,890.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.