Curtiss-Wright Co. (CW) To Go Ex-Dividend on November 22nd

Curtiss-Wright Co. (NYSE:CW) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be given a dividend of 0.21 per share by the aerospace company on Tuesday, December 3rd. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd.

Curtiss-Wright has increased its dividend by an average of 5.1% annually over the last three years. Curtiss-Wright has a payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Curtiss-Wright to earn $11.65 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 7.2%.

Curtiss-Wright Stock Performance

Shares of CW opened at $361.93 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a twelve month low of $209.01 and a twelve month high of $393.40. The firm’s 50 day moving average price is $345.18 and its two-hundred day moving average price is $305.34. The firm has a market cap of $13.74 billion, a P/E ratio of 34.24 and a beta of 1.17.

Insider Activity

In related news, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CW. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.40.

About Curtiss-Wright

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