Curtiss-Wright former officer sells shares worth $661,690

Paul J. Ferdenzi, a former officer of Curtiss-Wright Corp (NYSE:CW), executed a series of stock transactions recently, according to a filing with the Securities and Exchange Commission. On February 4, 2025, Ferdenzi acquired 4,290 shares of Curtiss-Wright common stock through a performance share grant, with a value of approximately $1,478,205 based on the closing price of $344.57. According to InvestingPro data, the stock is currently trading above its Fair Value, after delivering an impressive 56% return over the past year.

The following day, February 5, Ferdenzi sold 1,907 shares at a price of $346.98 per share, totaling $661,690. This sale was conducted in compliance with Curtiss-Wright’s share ownership guidelines, allowing Ferdenzi to sell a portion of the vested shares to cover individual income tax obligations associated with the award’s vesting. The company maintains strong financials with a healthy current ratio of 1.98 and operates with moderate debt levels.

Following these transactions, Ferdenzi holds 18,405 shares of Curtiss-Wright common stock. InvestingPro subscribers can access 15+ additional investment tips and comprehensive analysis through the Pro Research Report, offering deeper insights into the company’s valuation and growth prospects.

In other recent news, Curtiss-Wright Corporation has been busy with various financial activities and strategic moves. The company declared a quarterly dividend of $0.21 per share, scheduled for payment in April, highlighting its commitment to delivering shareholder value. In addition, Curtiss-Wright secured a $27 million contract to supply the U.S. Navy with its Aircraft Ship Integrated Securing and Traversing (ASIST) systems, a part of a larger agreement that could be worth close to $100 million.

Citi analysts initiated coverage on Curtiss-Wright with a Buy rating, predicting a boost in revenues due to spending trends in the Department of Defense and increased production rates for new aircraft. They also foresee the company becoming net cash positive by 2026, supported by an expected 13% earnings growth through 2027.

In a significant strategic move, Curtiss-Wright completed the acquisition of Ultra Energy for $200 million, enhancing its global commercial nuclear portfolio. The acquisition is expected to expand its measurement and control solutions and increase involvement with designers of small modular reactors.

Lastly, Curtiss-Wright announced an expansion of its share repurchase program by $100 million, aiming to complete the buyback by the end of 2024. This decision reflects the company’s strategy to enhance shareholder value and its belief in its future financial performance. These are the recent developments surrounding Curtiss-Wright.

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