Curtiss-Wright (NYSE:CW) Sets New 1-Year High After Dividend Announcement

Curtiss-Wright Corporation (NYSE:CW) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $754.57 and last traded at $753.02, with a volume of 154501 shares traded. The stock had previously closed at $735.34.

The newly announced dividend which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Wall Street Analysts Forecast Growth

CW has been the topic of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday. Finally, Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $738.83.

Curtiss-Wright Trading Down 4.7%

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The company’s 50 day moving average is $706.53 and its two-hundred day moving average is $641.28. The firm has a market cap of $26.42 billion, a P/E ratio of 52.40, a PEG ratio of 3.48 and a beta of 0.86.

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

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the transaction, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John C. Watts sold 220 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $678.11, for a total transaction of $149,184.20. Following the completion of the transaction, the executive vice president directly owned 4,182 shares of the company’s stock, valued at $2,835,856.02. This trade represents a 5.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,961 shares of company stock valued at $4,039,279. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC raised its position in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after buying an additional 16 shares in the last quarter. Summit Financial LLC increased its holdings in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after buying an additional 16 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.