Why Is CURTISS WRIGHT CORP (CW) Stock Down Today?

CW stock is down 6.31% at $518.41 as of the close of the session. The decline follows the announcement that CFO K. Christopher Farkas will retire at the end of the calendar year. The company named Gary Ogilby as interim CFO effective October 6. A separate 8-K filing confirmed the change in leadership and outlined related corporate governance updates. Additionally, Citi lowered its price target for the stock to $622 from $793, signaling a shift in institutional expectations.

What Happened

Curtiss-Wright’s stock opened with a -4.2% gap down from the previous close, setting a tone of investor concern. The company confirmed the retirement of CFO Farkas, a long-time executive, and appointed Gary Ogilby as interim CFO. The 8-K filing detailed the change in officer roles and included information about compensatory arrangements. The leadership transition comes as part of a broader executive shift, including the appointment of COO Kevin Rayment as president and CEO effective January 1, 2027. These developments, combined with the price target cut from Citi, have contributed to the stock’s sharp decline.

What The Data Shows

The stock has traded down from a session high of $553.35 to a low of $518.40, with volume reaching 0.1 million shares, or 0.3 times the 3-month daily average. The stock has printed six fresh 52-week lows on October 7, indicating continued pressure from sellers. Recent insider transactions show two sell filings totaling $701,000 in the last 90 days, with no corresponding buy activity of similar scale. The stock is currently trading near its 52-week low of $521.66, with a trailing P/E of 38.1 and a beta of 0.88.

What To Watch

The stock will be closely watched for further analyst coverage and any follow-up from the new interim leadership team. Investors may also monitor the broader market reaction to the executive transition and the company’s performance in the coming quarters.