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Christopher Farkas, Vice President and CFO of Curtiss-Wright Corp (NYSE:CW), recently executed a stock transaction involving the sale of 922 shares of common stock. The shares were sold at an average price of $325.47, amounting to a total sale value of approximately $300,083. The transaction comes as the $12.2 billion aerospace and defense company trades near its 52-week high, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.
The transaction occurred on March 18, 2025, following a previous acquisition of 2,243 shares through the exercise of restricted stock units (RSUs) on March 17, 2025. These RSUs were part of a grant under the company’s 2014 Omnibus Incentive Plan and vested after a three-year period. The company has demonstrated strong performance, with a 34.8% stock return over the past year and maintaining dividend payments for 52 consecutive years, according to InvestingPro data.
Farkas remains compliant with Curtiss-Wright’s share ownership guidelines, which allow for the sale of a portion of vested awards to cover tax obligations. Following these transactions, Farkas holds 14,033 shares of Curtiss-Wright common stock. Analysts maintain a positive outlook on the company, with price targets ranging from $304 to $450 per share. For deeper insights into Curtiss-Wright’s valuation and 12 additional ProTips, visit InvestingPro.
In other recent news, Curtiss-Wright Corporation has announced several significant developments. The company reported strong fourth-quarter 2024 financial results, surpassing consensus expectations for both revenue and earnings per share. Despite this performance, Stifel analysts adjusted their price target for Curtiss-Wright to $331 from $370, maintaining a Hold rating due to valuation concerns. Additionally, Curtiss-Wright secured a $50 million contract with the U.S. Navy to supply high-speed data acquisition systems, further strengthening its position in the defense sector. Another notable contract includes a $27 million agreement to provide the Navy with Aircraft Ship Integrated Securing and Traversing systems. Citi analysts have initiated coverage on Curtiss-Wright with a Buy rating and a price target of $410, citing strong defense spending trends and a promising cash-positive trajectory by 2026. Furthermore, the company declared a quarterly dividend of $0.21 per share, reflecting its commitment to shareholder value. These developments highlight Curtiss-Wright’s ongoing engagements in defense contracts and its strategic financial outlook.
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