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Curtiss Wright Corp (NYSE:CW) Vice President and Corporate Secretary Paul J. Ferdenzi recently engaged in transactions involving the company’s shares, according to the latest SEC filings. Ferdenzi sold 2,500 shares of common stock at a price of $240 per share, totaling $600,000. Following the sale, he still owns 17,383 shares directly.
The transactions were executed in compliance with the company’s share ownership guidelines, which allow executives to sell shares as long as they maintain compliance with the ownership requirements. The sale was also made in accordance with a pre-arranged 10b5-1 trading plan, a tool that allows insiders to sell shares at predetermined times to avoid accusations of trading on nonpublic information.
In addition to the sale, Ferdenzi also acquired 1,128 restricted stock units (RSUs). These units are calculated based on the award amount divided by the closing price of Curtiss Wright’s common stock on the approval date, which was set at $240.97. The RSUs were granted as part of an employee benefit transaction and are set to expire on March 14, 2026.
The transactions indicate an active management of Ferdenzi’s investment in the company, balancing direct ownership through common stock and potential future ownership through RSUs. These filings provide transparency to investors and maintain regulatory compliance with securities laws.
InvestingPro Insights
As Curtiss Wright Corp (NYSE:CW) navigates through the market, recent data from InvestingPro provides a snapshot of the company’s financial health and market position. With a robust market capitalization of $9.21 billion and a P/E ratio standing at 26.24, the company shows a significant presence in its sector. The P/E ratio has remained consistent at 26.24 over the last twelve months as of Q4 2023, reflecting a valuation that investors should note when considering the company’s earnings potential.
InvestingPro Tips highlight that Curtiss Wright has a history of financial stability and shareholder returns. The company has not only maintained its dividend payments for an impressive 51 consecutive years, but it has also raised its dividend for 7 consecutive years, showcasing a commitment to returning value to its shareholders. Furthermore, Curtiss Wright boasts a strong gross profit margin of 37.51% as of the last twelve months, indicating efficient operations and a solid competitive advantage in its industry.
Another key metric that stands out is the company’s performance in the stock market. Curtiss Wright’s share price is trading near its 52-week high, at 98.7% of this peak value. This could signal investor confidence in the company’s current strategy and future outlook. Additionally, the stock has experienced a 1-year price total return of 46.0%, which is a testament to its strong performance over a more extended period.
For investors looking for more in-depth analysis and additional InvestingPro Tips, Curtiss Wright’s detailed financials and expert insights can be further explored at https://www.biedexmarkets.com/pro/CW. There are 11 more InvestingPro Tips available for Curtiss Wright, which can be accessed with an additional 10% off a yearly or biyearly Pro and Pro+ subscription using the coupon code PRONEWS24.
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