Sr. VP & CFO of Precision Castparts Corp. (PCP) Shawn R Hagel sells 20,000 shares of PCP on 11/16/2009 at an average price of $103.39 a share.

Precision Castparts Corp. has a market cap of $14.91 billion; its shares were traded at around $106.34 with a P/E ratio of 15.5 and P/S ratio of 2.2. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 16.3% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 3-star.

PCP is in the portfolios of Glenn Greenberg of Chieftain Capital Management Inc, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Steve Mandel of Lone Pine Capital, Steve Mandel of Lone Pine Capital, Bill Nygren of Oak Mark Fund, Ron Baron of Baron Funds, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC, George Soros of Soros Fund Management LLC, David Dreman of Dreman Value Management, Kenneth Fisher of Fisher Asset Management, LLC.

Insiders' Positions with PCP

• Sell:: Chairman and CEO Mark Donegan sold 120,000 shares of PCP stock on 10/26/2009 at the average price of 101.07, the price of the stock has increased by 5.21% since

Insiders' Positions with PCP

• Sell:: Sr. VP & CFO Shawn R Hagel sold 25,000 shares of PCP stock on 05/28/2009 at the average price of 82.29, the price of the stock has increased by 29.23% since

Insiders' Positions with PCP

• Sell:: Vice President Corporate Taxes Roger P Becker sold 1,770 shares of PCP stock on 11/13/2009 at the average price of 101.23, the price of the stock has increased by 5.05% since


• Sell:: VP and Corporate Controller Russell S Pattee sold 3,485 shares of PCP stock on 11/13/2009 at the average price of 102.72, the price of the stock has increased by 3.52% since


• Sell:: VP Strategic Plng, Corp. Dev. Kirk G Pulley sold 13,750 shares of PCP stock on 11/11/2009 at the average price of 100.71, the price of the stock has increased by 5.59% since


• Sell:: Pres Airfoils & Forged Product Kenneth Buck sold 30,000 shares of PCP stock on 10/29/2009 at the average price of 97.52, the price of the stock has increased by 9.04% since


• Sell:: Director Peter R Bridenbaugh sold 1,000 shares of PCP stock on 10/23/2009 at the average price of 102.31, the price of the stock has increased by 3.94% since

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

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