Thrivent Financial for Lutherans Reduces Position in Curtiss-Wright Corporation $CW

Thrivent Financial for Lutherans trimmed its position in Curtiss-Wright Corporation (NYSE:CW) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,847 shares of the aerospace company’s stock after selling 4,698 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Curtiss-Wright worth $14,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CW. Twin Peaks Wealth Advisors LLC acquired a new stake in Curtiss-Wright during the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC purchased a new position in shares of Curtiss-Wright during the second quarter worth $29,000. First Horizon Corp acquired a new position in Curtiss-Wright during the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Curtiss-Wright during the 3rd quarter worth about $50,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 7.5%

CW stock opened at $624.28 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $683.09. The stock has a market capitalization of $23.02 billion, a P/E ratio of 50.88, a P/E/G ratio of 3.08 and a beta of 0.93. The firm has a 50-day simple moving average of $593.39 and a 200-day simple moving average of $548.30.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter in the prior year, the firm earned $2.89 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the transaction, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 513 shares of company stock valued at $302,586 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CW has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Citigroup increased their price target on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $612.33.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.