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Gary A. Ogilby, Vice President and Corporate Controller at Curtiss-Wright Corp (NYSE:CW), recently sold 200 shares of the company’s common stock. The shares were sold at an average price of $325.36 per share, totaling approximately $65,072. This transaction was part of Ogilby’s compliance with the company’s share ownership guidelines, allowing him to sell a portion of his vested award to cover tax obligations. The sale occurred as Curtiss-Wright, currently valued at $12.2 billion, trades near its 52-week high of $393.40.
The sale follows a recent acquisition of 397 shares of common stock, which Ogilby received through the vesting of restricted stock units (RSUs) granted under Curtiss-Wright’s 2014 Omnibus Incentive Plan. These RSUs, granted on March 17, 2022, vested after a three-year period. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall score, supported by liquid assets exceeding short-term obligations.
After these transactions, Ogilby holds a total of 2,571 shares of Curtiss-Wright common stock. The company, which has maintained dividend payments for 52 consecutive years, currently trades at a P/E ratio of 30.5, with analysts setting price targets ranging from $304 to $450 per share.
In other recent news, Curtiss-Wright Corporation reported fourth-quarter 2024 financial results that exceeded expectations for both revenue and earnings per share, according to Stifel analysts. Despite this strong performance, Stifel adjusted their price target for Curtiss-Wright to $331, down from $370, while maintaining a Hold rating. Curtiss-Wright also announced a quarterly dividend of $0.21 per share, scheduled for payment in April 2025, reflecting its commitment to shareholder value. Additionally, Curtiss-Wright secured a $50 million contract with the U.S. Navy for high-speed data acquisition systems and a $27 million contract for its ASIST systems, part of a larger agreement potentially worth $100 million. Citi initiated coverage on Curtiss-Wright with a Buy rating and a price target of $410, citing strong defense spending trends and a positive cash trajectory by 2026. The firm expects Curtiss-Wright to benefit from increased production rates in aircraft and global demand for energy-efficient solutions. These developments highlight Curtiss-Wright’s ongoing strategic initiatives and its established position in the defense market.
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