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John C. Watts, Vice President of Strategy and Business Development at Curtiss-Wright Corp (NYSE:CW), recently sold 622 shares of the company’s common stock. The sale took place on February 5, 2025, at an average price of $347.05 per share, amounting to a total of approximately $215,865. Following this transaction, Watts holds 5,072 shares directly. The transaction occurs as Curtiss-Wright’s stock shows strong momentum, with a 55.75% return over the past year. According to InvestingPro analysis, the company currently trades above its Fair Value, with a P/E ratio of 32.96.
The sale was conducted in compliance with Curtiss-Wright’s share ownership guidelines, allowing executives to sell a portion of vested shares to cover income tax obligations. InvestingPro subscribers can access 15+ additional insights about Curtiss-Wright’s financial health, which is rated as GOOD by their comprehensive scoring system. Prior to this sale, on February 4, 2025, Watts acquired 1,492 shares through a performance share grant under the company’s 2014 Long Term Incentive Plan. These shares were valued at $344.57 per share, based on the closing price on the New York Stock Exchange on the vesting date.
In other recent news, Curtiss-Wright Corporation has made several notable announcements. The company declared a quarterly dividend of $0.21 per share, reinforcing its commitment to delivering shareholder value. Additionally, Curtiss-Wright secured a $27 million contract to supply the U.S. Navy with its Aircraft Ship Integrated Securing and Traversing systems. This contract is part of a larger agreement that could potentially reach close to $100 million.
Citi analysts initiated coverage on Curtiss-Wright with a Buy rating, predicting a cash-positive trajectory by 2026 and 13% earnings growth through 2027. The company also expanded its share repurchase program by $100 million, aiming to complete the buyback by the end of 2024.
In a significant business move, Curtiss-Wright acquired Ultra Energy for $200 million, a transaction expected to enhance its global commercial nuclear portfolio. These are recent developments that indicate a period of robust activity for Curtiss-Wright.
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