Curtiss Wright director Minor sells $151,400 in stock

Davidson, NC – In a recent transaction, Glenda J. Minor, a director at Curtiss Wright Corp (NYSE:CW), sold 500 shares of the company's common stock, totaling approximately $151,400. The sale was executed at a weighted average price of $302.80 per share, as disclosed in a filing with the Securities and Exchange Commission.

The transaction took place on August 16, 2024, and following the sale, Minor continues to hold 1,382 shares of Curtiss Wright Corp. The shares are held directly, indicating a personal stake in the company's performance.

Curtiss Wright Corp, with its headquarters in Davidson, North Carolina, operates in the industrial and commercial machinery sector. It is known for its diversified product portfolio and services in the fields of motion control, flow control, and metal treatment technologies.

The recent sale by Minor is part of the routine financial disclosures that directors and other insiders of publicly traded companies are required to make. These transactions provide investors with insights into the buying and selling activities of a company's insiders, which can be a valuable piece of information alongside other market data.

The company's stock, traded under the ticker symbol CW on the New York Stock Exchange, remains under the watchful eye of investors who follow insider trading activity for cues about the company's financial health and future prospects.

In other recent news, Curtiss-Wright (NYSE:CW) Corporation reported robust second-quarter 2024 results, exceeding consensus expectations. This strong performance led Baird to raise the price target for Curtiss-Wright shares to $312 from $300, maintaining an Outperform rating. The company's Q2 sales rose by 11% to $785 million, with operating income and diluted earnings per share increasing by 16% and 24% respectively.

Curtiss-Wright also announced a record backlog of over $3.2 billion, an 18% growth in its order book, primarily driven by the Aerospace and Defense markets. Additionally, the company has raised its full-year guidance and announced the strategic acquisition of Ultra Energy.

Baird expects Curtiss-Wright's investments in research and development to position the company favorably against its peers over a multi-year investment horizon. The company's strong performance in key sectors, including mid-teens growth in Aerospace and Defense markets and high single-digit growth in its commercial nuclear segment, are anticipated to drive its future success. These are among the recent developments in Curtiss-Wright's operational and financial performance.

InvestingPro Insights

As a key player in the industrial and commercial machinery sector, Curtiss Wright Corp (NYSE:CW) has shown a notable performance in the market. The company's commitment to shareholder returns is evident with its impressive track record of increasing its dividend for 7 consecutive years, highlighting a stable financial policy and a focus on delivering consistent shareholder value. This is complemented by the fact that Curtiss Wright has not only maintained but also grown its dividend payments for an astounding 51 consecutive years, according to InvestingPro Tips. For investors interested in dividend reliability and growth, these metrics underscore the company's dedication to its shareholders.

InvestingPro Data further reveals that Curtiss Wright Corp boasts a market capitalization of $11.54 billion, which speaks to its significant presence in the sector. The company's revenue has grown by 10.45% over the last twelve months as of Q2 2024, indicating a robust business model capable of generating increased sales. Additionally, the company's stock is trading near its 52-week high, with the price at 99.51% of this peak, reflecting strong investor confidence and market sentiment.

For those looking for more in-depth analysis and additional InvestingPro Tips, the platform offers a comprehensive list of insights, with 13 more tips available that could help investors make more informed decisions. These tips can be found by visiting https://www.investing.com/pro/CW and could provide a deeper understanding of Curtiss Wright's financial health and investment potential.

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