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Kevin Rayment, Vice President and COO of Curtiss-Wright Corp (NYSE:CW), recently sold a portion of his holdings in the company. According to a recent SEC filing, Rayment sold 1,003 shares of Curtiss-Wright common stock on March 18, 2025, at an average price of $325.73 per share, totaling approximately $326,707. The transaction comes as the $12.2 billion market cap company trades at a P/E ratio of 30.5, suggesting a premium valuation according to InvestingPro analysis.
The filing also disclosed that Rayment acquired 2,630 shares of common stock through a restricted stock unit (RSU) grant that vested on March 17, 2025. These RSUs were part of the company’s 2014 Omnibus Incentive Plan and were granted as an employee benefit. Following these transactions, Rayment now holds 25,863 shares of Curtiss-Wright common stock directly. The stock has delivered a strong 34.8% return over the past year, despite being down 7.3% year-to-date.
The sale was made in compliance with Curtiss-Wright’s share ownership guidelines, allowing Rayment to sell a portion of the vesting award to cover tax obligations. Despite the sale, Rayment remains in compliance with the company’s share ownership guidelines. InvestingPro analysis reveals the company maintains strong financial health with good profitability metrics. Subscribers can access 12 additional ProTips and a comprehensive research report for deeper insights into Curtiss-Wright’s valuation and growth prospects.
In other recent news, Curtiss-Wright Corporation reported fourth-quarter 2024 financial results that exceeded consensus expectations for both revenue and earnings per share. Despite this strong performance, Stifel adjusted their price target for the company from $370 to $331, maintaining a Hold rating. Meanwhile, Curtiss-Wright secured a $50 million contract with the U.S. Navy to provide high-speed data acquisition systems, extending their partnership through 2030. Additionally, a $27 million contract was awarded to Curtiss-Wright for the U.S. Navy’s Aircraft Ship Integrated Securing and Traversing systems. The company also declared a quarterly dividend of $0.21 per share, payable in April 2025. Citi initiated coverage of Curtiss-Wright with a Buy rating and a price target of $410, citing strong prospects in defense and a cash-positive trajectory by 2026. These developments reflect Curtiss-Wright’s ongoing engagement in defense contracts and its strategic financial positioning.
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