Curtiss-Wright Co. (NYSE:CW) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 41.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,086 shares of the aerospace company’s stock after buying an additional 6,477 shares during the period. Thrivent Financial for Lutherans’ holdings in Curtiss-Wright were worth $7,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CW. Tidal Investments LLC lifted its stake in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after buying an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 32 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, COO Kevin Rayment sold 2,664 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the sale, the chief operating officer now directly owns 24,236 shares of the company’s stock, valued at approximately $8,407,953.12. This trade represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CW. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Trading Down 0.6 %

Shares of NYSE CW opened at $325.62 on Monday. The business has a 50 day simple moving average of $337.26 and a 200 day simple moving average of $345.83. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.