Curtiss-Wright Corporation (NYSE:CW) has reported a recent transaction involving its Vice President and Chief Operating Officer, Kevin Rayment, who sold shares of the company's stock. On March 19, 2024, Rayment sold a total of 1,070 shares at an average price of $243.497, resulting in a transaction value exceeding $260,000.
The sale was conducted in compliance with the company's share ownership guidelines, which allow executives to sell a portion of their vested awards to cover tax obligations associated with the vesting of those awards. According to the guidelines, Rayment remains in compliance following the sale.
Additionally, Rayment acquired 2,786 shares of Curtiss-Wright Common Stock through a restricted share unit grant under the company's 2014 Long Term Incentive Plan. These units, which vest after a three-year period, were granted as part of an employee benefit transaction and did not have a price on the date of issue. The price for the derivative securities, which vested on the same date, was based on the closing market price on the New York Stock Exchange, amounting to $244.73 per share.
Investors and followers of Curtiss-Wright Corporation may be interested in these transactions as part of their ongoing assessment of the company's management actions and stock performance. The reported transactions provide insights into executive decisions regarding stock-based compensation and personal investment moves within the company.
InvestingPro Insights
As investors analyze the executive stock transactions at Curtiss-Wright Corporation (NYSE:CW), it's worth noting that the company's financial health and market performance offer a broader context for understanding these moves. According to InvestingPro data, Curtiss-Wright boasts a market capitalization of $9.34 billion, reflecting its significant presence in the industry. The company's P/E ratio stands at 26.39, indicating investor expectations of future earnings potential relative to the current share price.
With a dividend yield of 0.33%, Curtiss-Wright continues to reward shareholders, having increased its dividend for seven consecutive years—an affirmation of its financial stability and commitment to returning value to investors. This is further underscored by the fact that the company has maintained dividend payments for an impressive 51 consecutive years. Investors can gain deeper insights into Curtiss-Wright's dividend performance and financial metrics by exploring the additional 12 InvestingPro Tips available, which provide a comprehensive analysis of the company's financial health and stock performance.
Moreover, the stock is trading near its 52-week high, with a price percentage of 98.93% of this peak, suggesting a strong market confidence in the company. The recent price movements have also been favorable, with a 44.1% one-year price total return, highlighting the stock's robust performance over the past year. For those interested in further analysis and tips, including the company's debt levels and liquidity, a visit to InvestingPro's dedicated page for Curtiss-Wright at https://www.investing.com/pro/CW is recommended. Here, investors can utilize the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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