Curtiss-Wright Co. (CW) To Go Ex-Dividend on November 21st

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.20 per share by the aerospace company on Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, November 21st.

Curtiss-Wright has raised its dividend by an average of 4.4% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Curtiss-Wright has a dividend payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Curtiss-Wright to earn $10.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 8.0%.

Curtiss-Wright Trading Down 0.4 %

Shares of CW stock opened at $210.25 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.30 and a current ratio of 1.99. The firm has a market capitalization of $8.04 billion, a PE ratio of 23.60 and a beta of 1.19. The stock has a fifty day moving average of $202.09 and a two-hundred day moving average of $190.26. Curtiss-Wright has a 1 year low of $156.76 and a 1 year high of $216.54.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.12. The business had revenue of $724.33 million during the quarter, compared to analyst estimates of $682.88 million. Curtiss-Wright had a return on equity of 16.85% and a net margin of 12.20%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 earnings per share. As a group, research analysts expect that Curtiss-Wright will post 9.14 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in Curtiss-Wright in the 2nd quarter worth about $28,000. Wellington Shields & Co. LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $43,000. Covestor Ltd increased its position in Curtiss-Wright by 91.3% in the 1st quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 167 shares during the last quarter. Belpointe Asset Management LLC increased its position in Curtiss-Wright by 40.2% in the 1st quarter. Belpointe Asset Management LLC now owns 453 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 130 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $88,000. 80.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CW. Truist Financial upped their target price on Curtiss-Wright from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 3rd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley raised Curtiss-Wright from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $188.00 to $229.00 in a report on Monday, August 7th. Finally, Robert W. Baird upped their target price on Curtiss-Wright from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $221.50.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.