Curtiss-Wright Corporation Announces Quarterly Dividend of $0.24 (NYSE:CW)

Curtiss-Wright Corporation (NYSE:CW) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.24 per share by the aerospace company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th.

Curtiss-Wright has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 8 years. Curtiss-Wright has a dividend payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Curtiss-Wright to earn $16.80 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 5.7%.

Curtiss-Wright Trading Down 0.0%

Curtiss-Wright stock traded down $0.26 during trading on Thursday, reaching $750.74. The company had a trading volume of 183,508 shares, compared to its average volume of 284,651. The stock’s 50 day moving average price is $705.56 and its two-hundred day moving average price is $640.01. Curtiss-Wright has a 12-month low of $401.01 and a 12-month high of $760.72. The firm has a market capitalization of $27.73 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 3.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. As a group, equities analysts expect that Curtiss-Wright will post 15.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup increased their target price on shares of Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $738.83.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.