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Robert F. Freda, Vice President and Treasurer of Curtiss-Wright Corp (NYSE:CW), recently sold shares in the company, according to a filing with the Securities and Exchange Commission. On March 18, Freda sold 136 shares of Curtiss-Wright common stock at an average price of $325.46, totaling $44,262. The transaction comes as the company, now valued at $12.21 billion, trades near its 52-week high after delivering a 34.77% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
The transaction follows the vesting of restricted stock units, which were acquired through the company’s 2014 Omnibus Incentive Plan. These shares were sold in compliance with the company’s share ownership guidelines, which allow executives to sell a portion of their vested awards to cover tax obligations. InvestingPro subscribers can access comprehensive insider trading analysis and 12 additional ProTips about Curtiss-Wright’s financial health, which is currently rated as GOOD with strong profitability metrics.
After these transactions, Freda holds 4,821 shares of Curtiss-Wright common stock, maintaining his stake in a company that has shown consistent dividend growth and maintains a moderate debt level with liquid assets exceeding short-term obligations.
In other recent news, Curtiss-Wright Corporation reported that its fourth-quarter 2024 financial results exceeded consensus expectations for both revenue and earnings per share (EPS). Despite this positive performance, Stifel analysts reduced their price target for Curtiss-Wright to $331 from $370 while maintaining a Hold rating, citing valuation concerns. Additionally, Curtiss-Wright secured a $50 million contract with the U.S. Navy for high-speed data acquisition systems and a $27 million contract for Aircraft Ship Integrated Securing and Traversing systems, both of which highlight the company’s ongoing partnerships in the defense sector.
The company also announced a quarterly dividend of $0.21 per share, payable in April 2025, reflecting its commitment to shareholder value. Citi initiated coverage of Curtiss-Wright with a Buy rating and a price target of $410, emphasizing strong defense initiatives and a cash-positive trajectory by 2026. Citi’s analysts noted that spending trends in the Department of Defense are expected to boost revenues in the defense end-market, supporting a promising financial outlook.
Curtiss-Wright’s continued success in securing defense contracts and its strategic financial positioning have caught the attention of analysts, with expectations of sustained revenue growth over time. The company’s focus on aerospace and defense markets, along with its innovative engineering solutions, underpins its positive market position. These developments underscore Curtiss-Wright’s significant role in the aerospace and defense industry.
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