Curtiss-Wright Corp. (CW) to Issue Quarterly Dividend of $0.13 on October 21st
Curtiss-Wright Corp. (NYSE:CW) declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 7th will be given a dividend of 0.13 per share on Friday, October 21st. This represents a $0.52 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, October 5th.
Curtiss-Wright Corp. (NYSE:CW) opened at 89.90 on Friday. Curtiss-Wright Corp. has a 12-month low of $60.73 and a 12-month high of $91.56. The stock has a market capitalization of $3.99 billion, a P/E ratio of 23.41 and a beta of 1.24. The firm’s 50-day moving average price is $89.06 and its 200 day moving average price is $83.20.
Curtiss-Wright Corp. (NYSE:CW) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The firm had revenue of $532.80 million for the quarter, compared to analysts’ expectations of $523.84 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Curtiss-Wright Corp. will post $4.10 EPS for the current year.
CW has been the topic of a number of research analyst reports. Zacks Investment Research raised Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. William Blair initiated coverage on Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 target price on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $95.00 target price (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th.
In other news, VP Tom P. Quinly sold 8,500 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $89.78, for a total transaction of $763,130.00. Following the sale, the vice president now owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Nathman sold 6,000 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the sale, the director now directly owns 5,455 shares in the company, valued at approximately $495,150.35. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of CW. Teachers Advisors Inc. raised its position in Curtiss-Wright Corp. by 1.7% in the second quarter. Teachers Advisors Inc. now owns 70,450 shares of the company’s stock valued at $5,935,000 after buying an additional 1,153 shares during the period. TIAA CREF Investment Management LLC raised its position in Curtiss-Wright Corp. by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 211,671 shares of the company’s stock valued at $17,833,000 after buying an additional 3,608 shares during the period. TFS Capital LLC acquired a new position in Curtiss-Wright Corp. during the second quarter valued at approximately $713,000. FMR LLC raised its position in Curtiss-Wright Corp. by 13.2% in the second quarter. FMR LLC now owns 1,230,965 shares of the company’s stock valued at $103,709,000 after buying an additional 143,302 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in Curtiss-Wright Corp. during the second quarter valued at approximately $493,000. 77.11% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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