Curtiss-Wright vice president sells $74,193 in stock

Published 18/03/2025, 23:00
Curtiss-Wright vice president sells $74,193 in stock

John C. Watts, Vice President of Strategy and Business Development at Curtiss-Wright Corp (NYSE:CW), recently sold 228 shares of the company’s common stock. The shares were sold at an average price of $325.41, totaling $74,193. This transaction took place on March 18, 2025, amid the company’s strong market performance, with the stock delivering a 34.77% return over the past year. According to InvestingPro analysis, the company currently trades above its Fair Value.

Watts also exercised 565 restricted stock units (RSUs) on March 17, 2025, which had been granted under the company’s 2014 Omnibus Incentive Plan. These RSUs vested after a three-year period from the date of the grant. No purchase price was involved in the acquisition of these shares. The $12.21 billion market cap company maintains strong financial health, with InvestingPro data showing liquid assets exceeding short-term obligations.

Following these transactions, Watts now directly owns 5,409 shares of Curtiss-Wright common stock. The sale was made in line with the company’s share ownership guidelines, allowing Watts to sell a portion of the vested award to cover any tax obligations associated with the vesting. The company has demonstrated strong financial discipline, maintaining dividend payments for 52 consecutive years, with analysts setting price targets ranging from $304.55 to $450 per share.

In other recent news, Curtiss-Wright Corporation reported robust financial results for the fourth quarter of 2024, surpassing consensus expectations for both revenue and earnings per share. Despite this strong performance, Stifel analysts adjusted their outlook, reducing the stock’s price target to $331 while maintaining a Hold rating. Citi, on the other hand, initiated coverage with a Buy rating and set a price target of $410, citing positive defense spending trends and a projected cash-positive trajectory by 2026. Curtiss-Wright also secured a $50 million contract with the U.S. Navy to provide high-speed data acquisition systems, extending its long-standing relationship with the Naval Air Systems Command. Additionally, the company announced a $27 million contract for its Aircraft Ship Integrated Securing and Traversing systems, further strengthening its position in naval defense solutions. In line with its commitment to shareholder value, Curtiss-Wright declared a quarterly dividend of $0.21 per share, payable in April 2025. These developments underscore the company’s ongoing efforts to leverage its expertise in aerospace and defense markets.

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