Curtiss Wright chair and CEO Lynn Bamford buys $10,340 in inventory

Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corp (NYSE:CW), lately acquired shares of the corporate valued at $10,340. In accordance with a latest SEC submitting, Bamford bought 34 shares of Curtiss-Wright widespread inventory at a value of $304.12 per share. The acquisition comes because the inventory has proven exceptional power, delivering a 61% return over the previous 12 months. With a market capitalization of $13.2 billion, Curtiss-Wright maintains a robust monetary well being rating in accordance with InvestingPro evaluation.

These shares have been acquired by way of the corporate’s Worker Inventory Buy Plan, which permits contributors to purchase shares at a reduced fee. The corporate has demonstrated exceptional stability, sustaining dividend funds for 51 consecutive years. InvestingPro subscribers can entry 14 extra funding suggestions and complete evaluation for Curtiss-Wright. Following this transaction, Bamford now holds a complete of 28,448 shares instantly.

In different latest information, Curtiss-Wright Company has accomplished a $200 million acquisition of Extremely Vitality, a supplier of crucial measurement and management methods for the Industrial Nuclear and Aerospace & Protection markets. The corporate has additionally reported a ten% year-over-year gross sales enhance to almost $800 million within the third quarter of 2024, primarily fueled by development within the Protection Electronics and Naval & Energy segments. This efficiency led to the corporate elevating its full-year 2024 steering, now anticipating gross sales development of seven% to 9% and diluted EPS development of 12% to fifteen%. Deutsche Financial institution (ETR:DBKGn) initiated protection on Curtiss-Wright inventory with a Purchase ranking.

Curtiss-Wright has additionally introduced two new inventory repurchase plans set to begin in 2025, with a complete price range of $160 million. That is a part of the corporate’s ongoing initiative to return worth to shareholders. As well as, the corporate declared a quarterly dividend of $0.21 per share. Stifel and Truist Securities have each elevated their value targets for Curtiss-Wright. These latest developments mirror the corporate’s strategic investments and partnerships, notably within the industrial nuclear and protection sectors, that are driving its development.

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