Curtiss-Wright Corporation $CW Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,469 shares of the aerospace company’s stock after selling 1,378 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Curtiss-Wright were worth $14,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after buying an additional 16,962 shares during the last quarter. TD Asset Management Inc lifted its stake in Curtiss-Wright by 0.3% in the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after acquiring an additional 2,153 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Curtiss-Wright by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after purchasing an additional 39,515 shares during the period. Van ECK Associates Corp boosted its stake in shares of Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after buying an additional 37,069 shares during the period. Finally, AQR Capital Management LLC boosted its position in Curtiss-Wright by 25.5% during the third quarter. AQR Capital Management LLC now owns 487,675 shares of the aerospace company’s stock valued at $262,828,000 after purchasing an additional 99,182 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup upped their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $746.67.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 918 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the sale, the chief financial officer directly owned 5,518 shares in the company, valued at $3,738,224.28. This trade represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the transaction, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. The trade was a 5.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,961 shares of company stock valued at $4,039,279. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Down 0.3%

NYSE CW opened at $710.69 on Tuesday. The stock has a market capitalization of $26.25 billion, a P/E ratio of 52.07, a price-to-earnings-growth ratio of 3.30 and a beta of 0.86. Curtiss-Wright Corporation has a 52 week low of $405.70 and a 52 week high of $760.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The stock has a fifty day moving average of $707.21 and a 200-day moving average of $643.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter in the previous year, the company posted $2.82 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

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.