Stock market today: S&P 500 shrugs off hawkish Fed minutes to snap losing streak
Curtiss-Wright Corp (CW) stock reached an all-time high, hitting 581.0 USD, with InvestingPro analysis indicating the stock is trading above its Fair Value. The company, now valued at $21.64 billion, maintains a "GREAT" financial health score. This milestone marks a significant achievement for the company, reflecting strong investor confidence and robust market performance. Over the past year, Curtiss-Wright's stock has surged by an impressive 64.33%, supported by 9.89% revenue growth and a remarkable 52-year streak of consistent dividend payments. According to InvestingPro, the stock currently trades at a P/E ratio of 48.07, suggesting premium valuations. The company's strategic initiatives and strong financial results have likely contributed to this upward trajectory, positioning it as a standout performer in the industrial sector. For deeper insights and additional ProTips, including detailed valuation metrics and growth forecasts, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Curtiss-Wright Corporation announced a significant $200 million expansion of its 2025 share repurchase program, which is expected to result in record annual share repurchases exceeding $450 million this year. This expanded buyback will be executed immediately through a 10b5-1 program. Additionally, Curtiss-Wright has been selected by Bell Textron Inc. to provide encrypted flight data recorder technology for the United States Army's MV-75 FLRAA next-generation tiltrotor program. The contract includes a combined cockpit voice recorder and flight data recorder with encryption technology.
In another development, Stifel has raised its price target for Curtiss-Wright to $502 from $457, maintaining a Hold rating on the company's stock. This decision reflects Curtiss-Wright's position in structurally growing markets. Meanwhile, Radiance Technologies has appointed Tony Moraco, former CEO of Science Applications International Corporation, to its Board of Directors. Moraco is known for leading SAIC through significant revenue growth and strategic acquisitions.
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