Curtiss-Wright VP Gary Ogilby sells $65,072 in common stock

Published 18/03/2025, 23:00
Curtiss-Wright VP Gary Ogilby sells $65,072 in common stock

In a recent transaction, Gary A. Ogilby, Vice President and Corporate Controller at Curtiss-Wright Corp (NYSE:CW), sold 200 shares of the company’s common stock. The shares were sold on March 18, 2025, at an average price of $325.36 per share, totaling $65,072. The transaction occurred as the $12.2 billion aerospace and defense company’s stock trades near its 52-week range of $241.44 to $393.40. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This sale was part of Ogilby’s compliance with the company’s share ownership guidelines, allowing for the sale of a portion of vested awards to cover tax obligations.

Additionally, on March 17, 2025, Ogilby acquired 397 shares through the exercise of restricted stock units (RSUs) under the company’s 2014 Omnibus Incentive Plan. These RSUs were granted as part of an employee benefit and had a three-year vesting period. Following these transactions, Ogilby holds a total of 2,571 shares of Curtiss-Wright common stock directly.

In other recent news, Curtiss-Wright Corporation reported financial results that exceeded consensus expectations for both revenue and earnings per share (EPS) in the fourth quarter of 2024. Despite this strong performance, Stifel analysts adjusted their price target for Curtiss-Wright to $331 from $370, maintaining a Hold rating. The company also announced a quarterly dividend of $0.21 per share, scheduled for payment in April 2025. Curtiss-Wright has secured multiple contracts with the U.S. Navy, including a $50 million contract for high-speed data acquisition systems and a $27 million contract for Aircraft Ship Integrated Securing and Traversing systems. These contracts highlight the company’s ongoing partnership with the Navy and its expertise in aerospace and defense solutions. Citi has initiated coverage on Curtiss-Wright with a Buy rating and a price target of $410, citing strong defense initiatives and a positive cash trajectory by 2026. The firm’s analysis suggests that defense spending trends will likely boost revenues in Curtiss-Wright’s defense end-market. These developments underscore Curtiss-Wright’s strategic positioning in the defense sector and its commitment to delivering shareholder value.

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