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Lynn Bamford, Chair and CEO of Curtiss-Wright Corp (NYSE:CW), has sold 3,131 shares of the company’s common stock, totaling approximately $1,018,858. The shares were sold at an average price of $325.41, with individual transaction prices ranging from $323.24 to $327.65. The transaction occurred as the company’s stock trades at a P/E ratio of 30.5x, according to InvestingPro data, with the company commanding a market capitalization of $12.2 billion.
The transaction, dated March 18, 2025, was part of Bamford’s compliance with the company’s share ownership guidelines. These guidelines allow executives to sell a portion of their vested awards to cover tax obligations. Despite the sale, Bamford maintains compliance with Curtiss-Wright’s share ownership requirements. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 1.69 and operates with moderate debt levels.
In addition to the sale, Bamford also acquired 7,113 shares through the exercise of restricted stock units (RSUs) on March 17, 2025. These RSUs were granted under the company’s 2014 Omnibus Incentive Plan and vested after a three-year period. The acquisition was priced at $0 as part of an employee benefit transaction. For deeper insights into Curtiss-Wright’s valuation and financial metrics, including 12 additional ProTips and comprehensive analysis, check out the full research report on InvestingPro.
Following these transactions, Bamford holds 42,887 shares of Curtiss-Wright common stock directly. The company has demonstrated strong financial performance with a return on equity of 17% and revenue growth of 9.7% in the last twelve months.
In other recent news, Curtiss-Wright Corporation has reported several significant developments. The company has secured a $50 million contract with the U.S. Navy to supply high-speed data acquisition systems, extending their partnership through January 2030. Additionally, Curtiss-Wright has announced a $27 million contract to provide Aircraft Ship Integrated Securing and Traversing (ASIST) systems for the U.S. Navy’s Constellation Class Frigates. In financial news, the company declared a quarterly dividend of $0.21 per share, payable in April 2025, reflecting its commitment to shareholder value. Stifel analysts adjusted their outlook on Curtiss-Wright, reducing the price target to $331 while maintaining a Hold rating, despite the company’s fourth-quarter 2024 financial results exceeding expectations. On a more optimistic note, Citi initiated coverage with a Buy rating and a $410 price target, citing strong defense initiatives and a cash-positive trajectory by 2026. These developments indicate a mix of robust performance and cautious market reactions, highlighting Curtiss-Wright’s strategic positioning in the defense sector.
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