Curtiss Wright Corp (NYSE:CW) director S. Marce Fuller has recently sold a significant amount of company stock, according to the latest SEC filings. Over the course of two days, Fuller sold a total of 10,600 shares at prices ranging from $281.04 to $281.20 per share.
On May 23, 2024, Fuller sold 5,300 shares of Curtiss Wright stock at an average price of $281.04, resulting in a total value of approximately $1,489,512. The following day, an additional 5,300 shares were sold at an average price of $281.20, totaling around $1,490,360. These transactions have reduced Fuller's holdings, but she still owns 20,470.191 shares directly after the sales.
The SEC filing included a footnote indicating that on May 24, Fuller made a gift to a donor advised fund, for which she is the trustee, and then sold shares in the fund. This type of transaction is not uncommon and can be part of an individual's broader financial and philanthropic strategy.
Investors often monitor insider transactions as they can provide insights into the executive's view of the company's current valuation and future prospects. However, these transactions can be influenced by a variety of factors and do not necessarily signal a change in company fundamentals.
Curtiss Wright, with its headquarters in Davidson, NC, operates within the diversified industrial sector, specializing in high-tech components and products for the defense, energy, and industrial markets. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol CW.
Fuller's transactions were executed in accordance with SEC regulations, and the details of the sales are available for public review. Investors and analysts will continue to observe insider activity as part of their assessment of the company's performance and stock potential.
InvestingPro Insights
As investors digest the recent insider transactions at Curtiss Wright Corp (NYSE:CW), it's important to consider the company's financial health and market performance. According to InvestingPro, Curtiss Wright is trading at a high P/E ratio of 28.66, indicative of investor confidence in future earnings potential despite the company trading at a high Price / Book multiple of 4.51. These metrics suggest a market view that the company's assets and future growth prospects justify a premium valuation.
Moreover, Curtiss Wright has demonstrated its commitment to shareholder returns, having raised its dividend for 7 consecutive years, with a recent dividend yield of 0.3% and a dividend growth of 10.53% in the last twelve months as of Q1 2024. This consistent increase in dividends could be a signal of the company's stable financial position and a positive outlook from the management.
An impressive 76.85% return over the last year further underscores the company's strong market performance. Investors looking for additional insights into Curtiss Wright's performance can find more InvestingPro Tips and real-time metrics. For those interested in a deeper analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 8 more InvestingPro Tips available that could provide valuable perspectives on the company's financial health and stock potential.
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