Thrivent Financial For Lutherans Has $13.44 Million Position in Curtiss-Wright Corporation (CW)
Thrivent Financial For Lutherans reduced its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 30.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,440 shares of the aerospace company’s stock after selling 62,910 shares during the period. Thrivent Financial For Lutherans owned about 0.33% of Curtiss-Wright Corporation worth $13,440,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CW. Great West Life Assurance Co. Can lifted its holdings in Curtiss-Wright Corporation by 5.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 26,404 shares of the aerospace company’s stock valued at $2,408,000 after purchasing an additional 1,306 shares during the last quarter. American Century Companies Inc. lifted its holdings in Curtiss-Wright Corporation by 3.3% during the 1st quarter. American Century Companies Inc. now owns 63,104 shares of the aerospace company’s stock valued at $5,759,000 after purchasing an additional 1,998 shares during the last quarter. World Asset Management Inc lifted its holdings in Curtiss-Wright Corporation by 1.8% during the 1st quarter. World Asset Management Inc now owns 2,716 shares of the aerospace company’s stock valued at $248,000 after purchasing an additional 49 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Curtiss-Wright Corporation by 29.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 26,329 shares of the aerospace company’s stock valued at $2,403,000 after purchasing an additional 5,991 shares during the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in Curtiss-Wright Corporation by 7.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 96 shares during the last quarter. 76.18% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Corporation (NYSE CW) opened at 103.66 on Thursday. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61. The company has a market capitalization of $4.58 billion, a P/E ratio of 23.52 and a beta of 1.26. The firm has a 50 day moving average of $96.82 and a 200-day moving average of $93.00.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same period last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Curtiss-Wright Corporation will post $4.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a $0.15 dividend. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is presently 11.79%.
CW has been the subject of several analyst reports. SunTrust Banks, Inc. raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $103.00 to $112.00 in a report on Monday, June 5th. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus began coverage on shares of Curtiss-Wright Corporation in a research note on Monday. They issued a “hold” rating and a $100.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $106.20.
In other news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
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About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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