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Gary A. Ogilby, Vice President and Corporate Controller at Curtiss-Wright Corp (NYSE:CW), a $12.4 billion market cap industrial company with a GOOD InvestingPro Financial Health score, recently sold 290 shares of the company’s common stock. The shares were sold at an average price of $333.69, resulting in a total transaction value of approximately $96,770. This transaction was executed on February 19, 2025, as part of a pre-established 10b5-1 trading plan. The stock, which has delivered a 43% return over the past year, currently trades near its 52-week high of $393.40. The shares were sold in compliance with the company’s share ownership guidelines, ensuring Ogilby remains in adherence to these standards. Following the sale, Ogilby holds 2,374 shares directly. Notably, Curtiss-Wright has maintained dividend payments for 52 consecutive years and currently shows strong profitability with a 37% gross margin. According to InvestingPro, investors can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of CW’s performance and outlook.
In other recent news, Curtiss-Wright Corporation has reported its fourth-quarter 2024 financial results, which surpassed consensus expectations for both revenue and earnings per share. Despite this strong performance, Stifel analysts adjusted their outlook on the stock, reducing the price target to $331 from $370 while maintaining a Hold rating. Curtiss-Wright has also completed the acquisition of Ultra Energy for $200 million, a move expected to enhance its commercial nuclear portfolio and support long-term financial objectives. The acquisition is anticipated to be accretive to Curtiss-Wright’s adjusted diluted earnings per share in its first full year. Additionally, Curtiss-Wright has secured a $27 million contract to supply the U.S. Navy with its ASIST systems, part of a larger agreement potentially worth up to $100 million. In another development, Curtiss-Wright announced a quarterly dividend of $0.21 per share, reflecting its commitment to delivering shareholder value. Citi initiated coverage on Curtiss-Wright with a Buy rating and a price target of $410, citing strong defense initiatives and a cash-positive trajectory by 2026. These developments are part of Curtiss-Wright’s ongoing efforts to strengthen its position in the Aerospace & Defense markets.
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