Weekly CEO Buys Highlight

Details the CEO buys this past week for Perspecta and AZZ Inc.

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Jul 19, 2020
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According to GuruFocus Insider Data, these were the largest CEO buys during the past week.

Perspecta

Perspecta Inc. (PRSP, Financial) Director and CEO John M. Curtis bought 18,354 shares on July 15 at a price of $21.97. The price of the stock has increased by 5.87% since then.

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Perspecta provides end end-to-end, technology-focused solutions, leveraging the full spectrum of its offerings and industry expertise to ensure broader access to customers, capabilities and contract vehicles.

The company has a market cap of $3.74 billion. Its shares traded at $23.26 as of July 17.

Net loss for the three months ended on March 31 was $789 million compared to a loss of $19 million for the prior-year quarter.

Director Philip O. Nolan bought 4,585 shares on July 13 at a price of $21.97. Since then, the price of the stock has increased by 5.87%.

AZZ Inc.

AZZ Inc. (AZZ, Financial) President and CEO Thomas E. Ferguson bought 10,000 shares on July 14 at a price of $28.94. The price of the stock has increased by 11.4% since then.

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AZZ is a United States-based company that provides various industrial solutions, specialty electrical equipment and engineered services. The company operates through two segments, Energy and Metal Coating.

The company has a market cap of $844.53 million. Its shares traded at $32.24 with a price-earnings ratio of 26.00 as of July 17.

Net income for the first quarter of fiscal 2021 was $5.5 million compared to $21.3 million for the prior-year quarter.

President and General Manager of Electrical Platform, Ken Lavelle, bought 5,500 shares on July 15 at a price of $30.83. Since then, the price of the stock has increased by 4.57%.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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