These shares were acquired under Curtiss-Wright (NYSE:CW)'s Employee Stock Purchase Plan, which allows participants to buy stock at a 15% discount based on the average selling price on the last day of the offering period. Following this transaction, McDonald holds a total of 1,672 shares in the company. The company maintains strong financial health with a current ratio of 1.98 and has maintained dividend payments for 51 consecutive years. For deeper analysis of Curtiss-Wright's valuation and growth prospects, visit InvestingPro, where you'll find exclusive insights and 14 additional ProTips. The company maintains strong financial health with a current ratio of 1.98 and has maintained dividend payments for 51 consecutive years. For deeper analysis of Curtiss-Wright's valuation and growth prospects, visit InvestingPro, where you'll find exclusive insights and 14 additional ProTips.
These shares were acquired under Curtiss-Wright's Employee Stock Purchase Plan, which allows participants to buy stock at a 15% discount based on the average selling price on the last day of the offering period. Following this transaction, McDonald holds a total of 1,672 shares in the company.
In other recent news, Curtiss-Wright Corporation has made significant strides with strategic acquisitions and financial developments. The company completed the acquisition of Ultra Energy for $200 million, which is expected to augment its global commercial nuclear portfolio. This move aligns with Curtiss-Wright's strategic priorities to expand its measurement and control solutions.
The company also reported a 10% year-over-year sales increase to nearly $800 million in the third quarter of 2024, primarily fueled by growth in the Defense Electronics and Naval & Power segments. This performance led to the company raising its full-year 2024 guidance, now expecting sales growth of 7% to 9% and diluted EPS growth of 12% to 15%.
Deutsche Bank (ETR:DBKGn) initiated coverage on Curtiss-Wright stock with a Buy rating, citing potential returns from various factors including the company's base case earnings per share (EPS) growth and opportunities in defense electronics. Additionally, Curtiss-Wright announced two new stock repurchase plans set to commence in 2025, with a total budget of $160 million.
Moreover, the company declared a quarterly dividend of $0.21 per share, reflecting its financial health and commitment to its investors. Stifel and Truist Securities have both increased their price targets for Curtiss-Wright, maintaining their respective ratings. These recent developments reflect the company's strategic investments and partnerships, particularly in the commercial nuclear and defense sectors, which are driving its growth.
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