Curtiss-Wright Corporation (NYSE:CW) Plans Dividend Increase – $0.26 Per Share

Curtiss-Wright Corporation (NYSE:CWGet Free Report) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Friday, September 25th will be given a dividend of 0.26 per share by the aerospace company on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. This is a 8.3% increase from Curtiss-Wright’s previous quarterly dividend of $0.24.

Curtiss-Wright has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Curtiss-Wright has a payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Curtiss-Wright to earn $17.10 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 6.1%.

Curtiss-Wright Trading Down 1.0%

Shares of Curtiss-Wright stock opened at $559.62 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $683.87 and a 200-day simple moving average of $708.04. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 2.55 and a beta of 0.84. Curtiss-Wright has a 12-month low of $490.66 and a 12-month high of $808.16.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the previous year, the company earned $3.23 earnings per share. Curtiss-Wright’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Curtiss-Wright will post 15.27 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Curtiss-Wright in the 2nd quarter valued at $30,000. Quantbot Technologies LP purchased a new stake in shares of Curtiss-Wright in the second quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Fiduciary Financial Advisors acquired a new position in shares of Curtiss-Wright during the second quarter worth about $31,000. Finally, Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.

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Dividend History for Curtiss-Wright (NYSE:CW)

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