Curtiss-Wright Corporation (CW) To Go Ex-Dividend on November 28th

Curtiss-Wright Corporation (NYSE:CW) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, November 28th will be given a dividend of 0.24 per share by the aerospace company on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th.

Curtiss-Wright has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Curtiss-Wright has a dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Curtiss-Wright to earn $13.06 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 7.4%.

Curtiss-Wright Price Performance

CW stock opened at $555.16 on Wednesday. The business’s fifty day moving average price is $552.58 and its 200 day moving average price is $500.40. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $612.28. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $20.47 billion, a PE ratio of 46.85, a P/E/G ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.89 EPS. On average, sell-side analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in Curtiss-Wright during the 2nd quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.