Curtiss-Wright Co. (NYSE:CW – Get Free Report) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be given 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 is Tuesday, November 21st.
Curtiss-Wright has increased its dividend by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Curtiss-Wright has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance
NYSE:CW opened at $210.32 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.30. Curtiss-Wright has a 1 year low of $156.76 and a 1 year high of $216.54. The stock’s 50 day simple moving average is $202.09 and its two-hundred day simple moving average is $190.54. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 23.60 and a beta of 1.19.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CW shares. Morgan Stanley raised Curtiss-Wright from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $188.00 to $229.00 in a research report on Monday, August 7th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Robert W. Baird boosted their target price on Curtiss-Wright from $200.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Truist Financial boosted their target price on Curtiss-Wright from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Buy” and a consensus target price of $221.50.
Hedge Funds Weigh In On Curtiss-Wright
Hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in Curtiss-Wright in the 2nd quarter valued at $28,000. Wellington Shields & Co. LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $43,000. Covestor Ltd lifted its holdings in shares of 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 buying an additional 167 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of 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 buying an additional 130 shares during the period. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $88,000. Institutional investors own 80.82% of the company’s stock.
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.
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