Curtiss-Wright Corp. (NYSE:CW) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.17 per share by the aerospace company on Friday, December 6th. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, November 27th.
Shares of Curtiss-Wright stock opened at $135.92 on Monday. The company’s fifty day simple moving average is $132.45 and its 200-day simple moving average is $124.84. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.33 and a beta of 1.18. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a 1 year low of $95.23 and a 1 year high of $142.97.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.12. The business had revenue of $614.88 million for the quarter, compared to the consensus estimate of $624.15 million. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. Curtiss-Wright’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share. As a group, research analysts forecast that Curtiss-Wright will post 7.19 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on CW shares. Stifel Nicolaus set a $150.00 price objective on shares of Curtiss-Wright and gave the stock a “buy” rating in a research note on Friday, November 1st. ValuEngine downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. UBS Group raised their price objective on shares of Curtiss-Wright from $134.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Curtiss-Wright presently has a consensus rating of “Hold” and a consensus price target of $141.80.
In related news, CFO Glenn E. Tynan sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $128.14, for a total value of $1,281,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Charles Adams sold 6,439 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $125.00, for a total value of $804,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,498 shares of company stock valued at $5,414,628. 0.90% of the stock is owned by company insiders.
Curtiss-Wright Company Profile
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.
See Also: Cash Asset Ratio