Curtiss-Wright’s former officer Paul J. Ferdenzi sells $214,297 in shares

Paul J. Ferdenzi, a former officer of Curtiss-Wright Corp (NYSE:CW), recently sold shares valued at approximately $214,297. The transaction, disclosed in a recent SEC filing, involved the sale of 658 shares of Curtiss-Wright common stock at an average price of $325.68 per share on March 18, 2025. The sale comes as Curtiss-Wright, with a market capitalization of $12.2 billion, maintains a strong financial health rating according to InvestingPro analysis.

The sale follows the vesting of restricted stock units (RSUs) granted under the company’s 2014 Omnibus Incentive Plan. These RSUs were initially awarded on March 17, 2022, and vested after a three-year period. The shares were sold to comply with the company’s share ownership guidelines, which allow the sale of a portion of vested awards to cover tax obligations. The stock currently trades at a P/E ratio of 30.5, suggesting a premium valuation relative to earnings.

After the sale, Ferdenzi retains ownership of 19,239 shares of Curtiss-Wright common stock. The company has demonstrated strong performance with a 35% return over the past year. Discover more insights and 12 additional exclusive tips about Curtiss-Wright’s valuation and growth prospects on InvestingPro.

In other recent news, Curtiss-Wright Corporation reported notable financial achievements and strategic contracts. The company exceeded consensus expectations for its fourth-quarter 2024 revenue and earnings per share, offering an optimistic outlook for 2025 with revenue in line and EPS above Street forecasts, according to Stifel analysts. Despite this, Stifel adjusted their price target for Curtiss-Wright to $331 from $370, maintaining a Hold rating due to valuation concerns. Additionally, Curtiss-Wright secured a $50 million contract with the U.S. Navy to supply high-speed data acquisition systems, extending their longstanding partnership. Another significant contract involves a $27 million agreement to provide Aircraft Ship Integrated Securing and Traversing systems for the U.S. Navy’s Constellation Class Frigates. Furthermore, Citi initiated coverage on Curtiss-Wright with a Buy rating and a price target of $410, citing strong defense initiatives and a projected cash-positive trajectory by 2026. The company also declared a quarterly dividend of $0.21 per share, reflecting its commitment to shareholder value. These developments highlight Curtiss-Wright’s active engagement in defense contracts and positive financial strategies.

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