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Posted by Defense World Staff on Jul 21st, 2026

Bessemer Group Inc. raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 5,481.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,974 shares of the semiconductor company’s stock after acquiring an additional 111,932 shares during the quarter. Bessemer Group Inc. owned approximately 0.09% of Enphase Energy worth $4,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Monaco Asset Management SAM purchased a new stake in Enphase Energy in the 4th quarter valued at $2,724,000. Vanguard Group Inc. increased its stake in shares of Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after acquiring an additional 246,876 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Enphase Energy during the 1st quarter worth $2,193,000. M&T Bank Corp raised its holdings in shares of Enphase Energy by 319.6% during the 4th quarter. M&T Bank Corp now owns 72,941 shares of the semiconductor company’s stock worth $2,338,000 after acquiring an additional 55,557 shares during the period. Finally, Swedbank AB boosted its position in shares of Enphase Energy by 11.3% during the 4th quarter. Swedbank AB now owns 584,898 shares of the semiconductor company’s stock valued at $18,746,000 after acquiring an additional 59,500 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Activity In related news, Director Shanker Trivedi acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $53.91 per share, with a total value of $53,910.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $53,910. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $67.50 per share, with a total value of $337,500.00. Following the acquisition, the chief executive officer directly owned 1,645,632 shares in the company, valued at $111,080,160. The trade was a 0.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts recently issued reports on the stock. Glj Research reissued a “sell” rating and issued a $21.70 price objective on shares of Enphase Energy in a report on Thursday, June 11th. Wall Street Zen raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Wells Fargo & Company decreased their target price on shares of Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein assumed coverage on shares of Enphase Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average price target of $46.20.

Read Our Latest Research Report on ENPH

Enphase Energy Stock Down 5.1% Shares of NASDAQ:ENPH opened at $39.46 on Tuesday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 39.07 and a beta of 1.62. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The business has a 50-day moving average price of $51.95 and a 200 day moving average price of $43.60. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.

Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. Enphase Energy’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. Sell-side analysts expect that Enphase Energy, Inc. will post 0.82 EPS for the current year.

Enphase Energy Company Profile (Free Report)

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

Further Reading Five stocks we like better than Enphase Energy The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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Posted by Defense World Staff on Jul 21st, 2026

Bank of New York Mellon Corp lessened its holdings in Incyte Corporation (NASDAQ:INCY – Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 989,709 shares of the biopharmaceutical company’s stock after selling 12,540 shares during the period. Bank of New York Mellon Corp owned about 0.50% of Incyte worth $93,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Incyte by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 4,993,012 shares of the biopharmaceutical company’s stock valued at $491,500,000 after buying an additional 506,842 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Incyte by 13.2% during the 4th quarter. Invesco Ltd. now owns 3,473,781 shares of the biopharmaceutical company’s stock worth $343,105,000 after acquiring an additional 405,611 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Incyte by 13.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,103,946 shares of the biopharmaceutical company’s stock worth $263,246,000 after acquiring an additional 373,298 shares during the last quarter. Morgan Stanley grew its position in shares of Incyte by 0.9% during the 4th quarter. Morgan Stanley now owns 2,663,823 shares of the biopharmaceutical company’s stock valued at $263,106,000 after acquiring an additional 23,087 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Incyte by 7.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,480,793 shares of the biopharmaceutical company’s stock valued at $245,028,000 after acquiring an additional 161,405 shares during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Incyte from $94.00 to $112.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Citigroup reissued a “market perform” rating on shares of Incyte in a report on Wednesday, July 15th. Truist Financial upped their price target on Incyte from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada raised their price objective on Incyte from $95.00 to $99.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 7th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Incyte in a research report on Tuesday, June 9th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.95.

Read Our Latest Analysis on INCY

Incyte Stock Performance Incyte stock opened at $115.65 on Tuesday. The company’s 50-day moving average price is $105.29 and its 200-day moving average price is $101.16. The company has a quick ratio of 3.60, a current ratio of 3.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $23.10 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76. Incyte Corporation has a twelve month low of $67.17 and a twelve month high of $119.60.

Incyte (NASDAQ:INCY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The biopharmaceutical company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.43. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. Incyte had a net margin of 26.71% and a return on equity of 26.66%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts forecast that Incyte Corporation will post 6.61 EPS for the current fiscal year.

Incyte Company Profile (Free Report)

Incyte Corporation is a Wilmington, Delaware–based biopharmaceutical company focused on the discovery, development and commercialization of novel therapies in oncology and inflammation. Since its founding in 2002, Incyte has grown from a small research organization into a global enterprise, advancing a portfolio of internally developed and partnered assets. The company’s research and development efforts center on small-molecule drugs and biologics that modulate critical signaling pathways implicated in cancer, autoimmune disorders and rare diseases.

The company’s flagship product is Jakafi® (ruxolitinib), a Janus kinase (JAK) inhibitor approved for the treatment of myelofibrosis and polycythemia vera.

See Also Five stocks we like better than Incyte The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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Posted by Defense World Staff on Jul 21st, 2026

Bank of New York Mellon Corp cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 558,538 shares of the sporting goods retailer’s stock after selling 44,459 shares during the period. Bank of New York Mellon Corp owned approximately 0.63% of DICK’S Sporting Goods worth $110,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. increased its stake in shares of DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares during the period. Cerity Partners LLC boosted its holdings in DICK’S Sporting Goods by 54.1% in the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares during the last quarter. Bank of Nova Scotia purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $417,000. Daiwa Securities Group Inc. grew its position in DICK’S Sporting Goods by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC grew its position in DICK’S Sporting Goods by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance Shares of DICK’S Sporting Goods stock opened at $214.06 on Tuesday. The firm has a market cap of $19.16 billion, a PE ratio of 20.35, a P/E/G ratio of 1.90 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a twelve month low of $186.67 and a twelve month high of $244.38. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $223.21 and a 200 day moving average price of $212.69.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analyst Weigh In Several analysts recently commented on DKS shares. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Barclays upped their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $254.71.

Check Out Our Latest Report on DKS

About DICK’S Sporting Goods (Free Report)

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.

Featured Stories Five stocks we like better than DICK’S Sporting Goods The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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The aerospace and defense company posted a profit of $1.09 billion, or $7.68 a share in the second quarter, with sales up 5% at $10.88 billion.

Northrop Grumman Corporation (NYSE:NOC) shares are trading lower Tuesday after the company reported second-quarter financial results.

Northrop Grumman shares are retreating from recent levels. Why is NOC stock falling? Beats Q2 Estimates, Backlog Hits Record $104.7BNorthrop reported GAAP earnings per share of $7.68, beating the consensus estimate of $6.82. In addition, it reported revenue of $10.87 billion, beating the consensus estimate of $10.80 billion.

Net awards of $20 billion pushed the company’s backlog to a new record of $104.7 billion. Significant new awards included $7.6 billion for Sentinel, $4.3 billion for restricted programs, $1.0 billion for F-35, $0.8 billion for Glide Phase Interceptor, and $0.7 billion for Multi-role Electronically Scanned Array. 

“Northrop Grumman achieved a new record backlog, driven by robust global demand for our products,” said Kathy Warden, Chair, CEO and President. 

Lifts FY EPS, Revenue GuidanceNorthrop raised its fiscal-year adjusted earnings per share guidance from between $27.40 and $27.90 to between $28.60 and $29.10, versus the consensus estimate of $27.97. It also raised its fiscal-year revenue guidance from between $43.50 billion and $44.00 billion to between $43.75 billion and $44.25 billion, versus the consensus estimate of $43.98 billion.

Northrop Shares Edge LowerNOC Price Action: At the time of publication, Northrop shares are trading 4.34% lower at $501.21, according to data from Benzinga Pro.

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Posted by Defense World Staff on Jul 21st, 2026

Bank of New York Mellon Corp grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,515,997 shares of the aerospace company’s stock after buying an additional 164,607 shares during the quarter. Bank of New York Mellon Corp owned 0.81% of Kratos Defense & Security Solutions worth $106,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in Kratos Defense & Security Solutions by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Kratos Defense & Security Solutions by 53.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 34,942 shares of the aerospace company’s stock worth $2,464,000 after purchasing an additional 12,212 shares during the period. Sanctuary Advisors LLC lifted its position in Kratos Defense & Security Solutions by 48.0% in the first quarter. Sanctuary Advisors LLC now owns 27,096 shares of the aerospace company’s stock valued at $1,911,000 after purchasing an additional 8,787 shares during the last quarter. Sigma Planning Corp lifted its position in Kratos Defense & Security Solutions by 19.5% in the first quarter. Sigma Planning Corp now owns 8,442 shares of the aerospace company’s stock valued at $595,000 after purchasing an additional 1,380 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Kratos Defense & Security Solutions by 11.3% during the first quarter. State of Michigan Retirement System now owns 44,400 shares of the aerospace company’s stock valued at $3,131,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance KTOS opened at $45.94 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The stock has a market capitalization of $8.61 billion, a PE ratio of 270.24 and a beta of 1.07. The stock’s 50 day moving average price is $54.04 and its 200-day moving average price is $75.53. Kratos Defense & Security Solutions, Inc. has a 52-week low of $45.58 and a 52-week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.

Insider Transactions at Kratos Defense & Security Solutions In related news, insider Stacey G. Rock sold 4,675 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $50.00, for a total transaction of $233,750.00. Following the transaction, the insider owned 9,600 shares in the company, valued at $480,000. The trade was a 32.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $48.37, for a total transaction of $338,590.00. Following the completion of the sale, the insider owned 302,126 shares of the company’s stock, valued at $14,613,834.62. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 148,036 shares of company stock worth $8,455,857. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth Several research analysts recently commented on KTOS shares. Piper Sandler decreased their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Citizens Jmp dropped their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $99.00 to $82.00 in a report on Friday, June 12th. The Goldman Sachs Group decreased their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $101.29.

Check Out Our Latest Stock Analysis on KTOS

Kratos Defense & Security Solutions Profile (Free Report)

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.

Further Reading Five stocks we like better than Kratos Defense & Security Solutions The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report).

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FORT COLLINS, Colo. and HONG KONG, July 21, 2026 (GLOBE NEWSWIRE) -- HAECO, a leading global Maintenance, Repair and Overhaul (MRO) services provider, and Woodward (NASDAQ: WWD), a world leader in aerospace and industrial controls, have signed an Elite Licensed Repair Service Facility (LRSF) agreement, establishing a long-term strategic partnership to support Woodward components on the CFM International* LEAP‑1A, LEAP‑1B, and LEAP‑1C engines.

Under the terms of the Elite LRSF agreement, HAECO is authorized to deliver a full suite of MRO services for Woodward’s entire product portfolio of fuel control, engine actuation, and air management systems supporting the CFM LEAP engine family.

This agreement positions HAECO within Woodward’s Elite LRSF network and marks a significant milestone in expanding OEM-aligned component support for the rapidly growing fleet. By joining this network, HAECO strengthens its capability to serve customers with OEM-authorized repair solutions, ensuring consistent quality and seamless service delivery across regions.

The agreement also reinforces HAECO’s role as a leading support hub in Asia-Pacific and mainland China for engine component services. Leveraging its established footprint in Hong Kong and Xiamen, HAECO will provide localized, OEM-approved repair capabilities closer to operators in a region representing the fastest-growing share of the global CFM LEAP fleet. The inclusion of CFM LEAP‑1C further reflects Woodward’s and HAECO’s shared commitment to supporting the continued growth of China’s aviation industry.

For airline operators, this agreement enhances access to OEM-approved repair solutions for critical engine system components, delivering market-leading turnaround times and optimized fleet availability. It also underscores both companies’ commitment to investing in advanced capabilities, technical alignment, and lifecycle support to ensure consistent, high-quality service as the global fleet continues to expand.

George Edmunds, Group Director of Component and Engine Services at HAECO, said, “This agreement marks a significant milestone in HAECO’s expansion into CFM International LEAP engine component support. Being selected as one of Woodward’s Elite Licensed Repair Service Facilities reinforces our position as a trusted provider within the global MRO network and strengthens our role as a leading support hub in Asia-Pacific and mainland China for this generation of engine services, while positioning us to support airline customers across the global CFM International LEAP fleet through Woodward’s Elite LRSF network. We are committed to delivering OEM-aligned, best-in-class repair solutions that enhance operational reliability, reduce turnaround times, and support our customers as the CFM International LEAP fleet continues its rapid global expansion.”

“HAECO is a trusted partner with strong regional capabilities across Asia-Pacific and mainland China,” said John DiSilvestro, Vice President of Sales, Marketing and Service for Woodward. “The execution of the Elite LRSF agreement with HAECO expands our global support network and strengthens the availability of reliable, high-quality repair solutions for Woodward components on CFM International LEAP engines. As the global fleet continues to grow, agreements such as this are essential to ensuring seamless service delivery, improved asset availability, and long-term customer support.” 
*CFM International is a 50/50 joint company between GE Aerospace and Safran Aircraft Engines.

About HAECO Group
HAECO Group is one of the world’s leading aircraft engineering and maintenance service providers. We provide a comprehensive range of solutions encompassing airframe services, line services, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing and technical training. HAECO Group comprises 14 operating companies, employing around 15,000 staff in Hong Kong, Chinese Mainland, Europe and the Americas. Learn more at www.haeco.com or follow us on LinkedIn, X or WeChat for the latest updates.

About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.

About Woodward’s Licensed Repair Services Facility Program (LRSF)
Woodward’s LRSF program provides Maintenance, Repair and Overhaul (MRO) stations with licenses and technology packages to perform MRO services on Woodward engine components and systems on CFM International LEAP fleet engines. MRO service providers are rigorously evaluated for their capabilities and are selected to join the LRSF network based on their technical expertise and historical performance.

Media contacts: 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d25cb144-399f-4809-b40d-b57635a0c638

HAECO and Woodward Establish Elite-Level Agreement Richard Sell, CEO, HAECO Group (left) and Shawn McLevige, President Woodward Aerospace.

July 21, 2026 08:00 ET  | Source: Westlake Chemical Partners LP

HOUSTON, July 21, 2026 (GLOBE NEWSWIRE) -- Westlake Chemical Partners (NYSE: WLKP) will release its second quarter 2026 earnings prior to the market opening on Tuesday, August 4, 2026. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release.

To access the conference by phone, it is necessary to pre-register at https://register-conf.media-server.com/register/BI51826be52fb84f029203dae034f42aa3. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call.

The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/ssbetq3b and the earnings release can be obtained via the company's Web page at https://investors.wlkpartners.com.

About Westlake Chemical Partners:

Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns an 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.

For Further Information Contact:
Media Relations – L. Ben Ederington – 713.585.2900
Investor Relations – Jonathan Baksht – 713.585.2900

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities, Inc. (NYSE: WTRG) is making a splash when it comes to safety in and around water this summer. Today, the company announced it invested $118,500 in 13 community-based water safety programs. These donations, funded through the company's Essential Foundation and its expanded Sure Splash initiative, play a critical role in ensuring families enjoy water resources safely this summer. An unfortunate reality, drowning is one of the leading preventab.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced the latest research findings from its collaboration with Oxford Economics. The updated global study, surveying leaders across retail, transportation and logistics (T&L), and manufacturing, demonstrates how organizations gain significant financial and operational benefits by modernizing frontline workflow.

Posted by Defense World Staff on Jul 21st, 2026

Allspring Global Investments Holdings LLC boosted its position in Xylem Inc. (NYSE:XYL – Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 177,679 shares of the industrial products company’s stock after purchasing an additional 11,711 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Xylem worth $21,762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new position in Xylem during the fourth quarter worth approximately $27,000. Wexford Capital LP acquired a new stake in shares of Xylem in the third quarter valued at approximately $27,000. Global Assets Advisory LLC bought a new position in shares of Xylem during the 1st quarter worth approximately $40,000. FWL Investment Management LLC acquired a new position in shares of Xylem during the 2nd quarter worth approximately $43,000. Finally, Entrust Financial LLC acquired a new position in shares of Xylem during the 4th quarter worth approximately $45,000. Institutional investors own 87.96% of the company’s stock.

Insider Activity In other Xylem news, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were purchased at an average price of $116.61 per share, for a total transaction of $141,098.10. Following the transaction, the director directly owned 27,209 shares in the company, valued at approximately $3,172,841.49. This trade represents a 4.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total transaction of $501,436.74. Following the transaction, the chief accounting officer directly owned 3,605 shares in the company, valued at $423,443.30. This represents a 54.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by insiders.

Xylem Stock Performance XYL opened at $120.82 on Tuesday. The business has a fifty day simple moving average of $113.40 and a 200 day simple moving average of $123.26. The company has a market capitalization of $28.72 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. Xylem Inc. has a 1 year low of $105.29 and a 1 year high of $154.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10.

Xylem (NYSE:XYL – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. Research analysts expect that Xylem Inc. will post 5.51 EPS for the current year.

Xylem Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s dividend payout ratio (DPR) is currently 42.79%.

Analyst Ratings Changes XYL has been the subject of several research reports. Stifel Nicolaus cut their price target on Xylem from $159.00 to $157.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Xylem from $170.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings lowered shares of Xylem from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. CLSA upgraded shares of Xylem to a “hold” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada lifted their target price on shares of Xylem from $157.00 to $159.00 and gave the stock an “outperform” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.15.

Read Our Latest Stock Report on Xylem

Xylem Profile (Free Report)

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.

Read More Five stocks we like better than Xylem The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL – Free Report).

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« PREVIOUS HEADLINEBank of New York Mellon Corp Sells 40,961 Shares of American Financial Group, Inc. $AFG

Posted by Defense World Staff on Jul 21st, 2026

D.A. Davidson & CO. boosted its stake in Zimmer Biomet Holdings, Inc. (NYSE:ZBH – Free Report) by 170.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,520 shares of the medical equipment provider’s stock after acquiring an additional 18,597 shares during the quarter. D.A. Davidson & CO.’s holdings in Zimmer Biomet were worth $2,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DV Equities LLC acquired a new position in shares of Zimmer Biomet during the fourth quarter worth about $25,000. Monetary Solutions Ltd acquired a new position in Zimmer Biomet during the 4th quarter worth approximately $30,000. Gen Wealth Partners Inc acquired a new position in Zimmer Biomet during the 4th quarter worth approximately $31,000. Flagship Harbor Advisors LLC bought a new position in shares of Zimmer Biomet during the 4th quarter worth approximately $32,000. Finally, Grove Bank & Trust raised its holdings in shares of Zimmer Biomet by 431.6% in the fourth quarter. Grove Bank & Trust now owns 404 shares of the medical equipment provider’s stock valued at $36,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

Zimmer Biomet Stock Down 1.6% Shares of ZBH stock opened at $89.69 on Tuesday. Zimmer Biomet Holdings, Inc. has a 52-week low of $79.12 and a 52-week high of $108.29. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.68 and a beta of 0.46. The firm’s 50-day moving average is $87.37 and its 200-day moving average is $89.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.95 and a current ratio of 1.73.

Zimmer Biomet (NYSE:ZBH – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The medical equipment provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Zimmer Biomet had a return on equity of 13.24% and a net margin of 9.05%.Zimmer Biomet’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $1.81 earnings per share. Zimmer Biomet has set its FY 2026 guidance at 8.400-8.550 EPS. Sell-side analysts predict that Zimmer Biomet Holdings, Inc. will post 8.48 EPS for the current year.

Zimmer Biomet Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 25th. Zimmer Biomet’s payout ratio is currently 24.94%.

Insider Buying and Selling at Zimmer Biomet In related news, insider Sang Yi sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $82.64, for a total transaction of $413,200.00. Following the transaction, the insider directly owned 27,251 shares of the company’s stock, valued at approximately $2,252,022.64. The trade was a 15.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Zimmer Biomet from $98.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Citigroup decreased their target price on shares of Zimmer Biomet from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Canaccord Genuity Group set a $83.00 price target on shares of Zimmer Biomet in a research report on Wednesday, April 29th. Stifel Nicolaus reduced their price objective on shares of Zimmer Biomet from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Barclays decreased their price objective on Zimmer Biomet from $100.00 to $94.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $100.70.

View Our Latest Report on ZBH

Zimmer Biomet Profile (Free Report)

Zimmer Biomet (NYSE: ZBH) is a global medical device company focused on musculoskeletal healthcare. Headquartered in Warsaw, Indiana, the company designs, manufactures and markets a broad portfolio of products used to treat joint disorders, bone disorders and related conditions. Its customer base includes orthopaedic and dental surgeons, hospitals, ambulatory surgery centers and other healthcare providers that rely on implants, instruments and related services for reconstructive and restorative procedures.

The company’s product offerings span joint replacement systems for hips, knees and shoulders; trauma and extremities implants; spine and thoracic solutions; dental and craniomaxillofacial implants and prosthetics; and sports medicine devices.

Further Reading Five stocks we like better than Zimmer Biomet The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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Posted by Defense World Staff on Jul 21st, 2026

Fifth Third Bancorp grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 1,753.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,543 shares of the financial services provider’s stock after buying an additional 7,136 shares during the quarter. Fifth Third Bancorp’s holdings in Kinsale Capital Group were worth $2,577,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KNSL. V Square Quantitative Management LLC acquired a new position in Kinsale Capital Group during the fourth quarter worth $25,000. Bayban purchased a new position in Kinsale Capital Group in the fourth quarter worth $25,000. eCIO Inc. acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $29,000. Finally, Johnson Financial Group Inc. boosted its position in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group In related news, CAO Christopher R. Tangard bought 330 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the acquisition, the chief accounting officer owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at $93,233,807.68. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades A number of research analysts have issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Wells Fargo & Company upped their price target on Kinsale Capital Group from $357.00 to $366.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley reduced their price objective on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Finally, Truist Financial decreased their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $373.80.

Check Out Our Latest Stock Report on KNSL

Kinsale Capital Group Stock Performance NYSE:KNSL opened at $350.31 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $8.08 billion, a PE ratio of 15.42, a P/E/G ratio of 1.11 and a beta of 0.90. The firm has a 50 day simple moving average of $318.62 and a 200-day simple moving average of $350.60. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $512.76.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the business posted $3.71 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 20.71 EPS for the current year.

Kinsale Capital Group Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio is currently 4.40%.

Kinsale Capital Group Profile (Free Report)

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

Featured Articles Five stocks we like better than Kinsale Capital Group The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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Posted by Defense World Staff on Jul 21st, 2026

Andar Capital Management HK Ltd decreased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the technology company’s stock after selling 733 shares during the period. Lumentum makes up 6.6% of Andar Capital Management HK Ltd’s holdings, making the stock its 8th biggest position. Andar Capital Management HK Ltd’s holdings in Lumentum were worth $7,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Lumentum in the second quarter valued at about $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Lumentum in the second quarter valued at about $1,712,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades LITE has been the subject of several research reports. Mizuho set a $1,100.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Rosenblatt Securities upped their price objective on Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their price objective on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Craig Hallum lifted their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Citigroup reissued a “buy” rating on shares of Lumentum in a report on Thursday. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Get Our Latest Stock Analysis on LITE

Insider Buying and Selling at Lumentum In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the sale, the director directly owned 6,984 shares of the company’s stock, valued at $6,984,558.72. This trade represents a 16.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 2,487 shares of Lumentum stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the sale, the chief financial officer owned 60,951 shares in the company, valued at $58,144,206.45. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 41,260 shares of company stock valued at $38,859,220 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

Lumentum Stock Up 4.5% Shares of NASDAQ LITE opened at $765.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The company has a 50-day moving average price of $859.31 and a 200-day moving average price of $715.91. The stock has a market capitalization of $59.56 billion, a P/E ratio of 141.77 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $97.55 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

About Lumentum (Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.

Recommended Stories Five stocks we like better than Lumentum The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding LITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE – Free Report).

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Posted by Defense World Staff on Jul 21st, 2026

Baader Bank Aktiengesellschaft lessened its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,683 shares of the technology company’s stock after selling 1,086 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Lumentum were worth $3,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LITE. Arrowstreet Capital Limited Partnership lifted its position in Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares in the last quarter. Geode Capital Management LLC increased its position in Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after buying an additional 123,265 shares in the last quarter. Situational Awareness LP increased its position in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after buying an additional 880,800 shares in the last quarter. Norges Bank bought a new position in shares of Lumentum in the fourth quarter worth about $474,495,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of Lumentum in the fourth quarter worth about $432,062,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes LITE has been the topic of several analyst reports. TD Cowen lowered their price target on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Loop Capital increased their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays raised their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Northland Securities upped their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,012.67.

Read Our Latest Stock Report on Lumentum

Insider Activity at Lumentum In other Lumentum news, Director Brian Lillie sold 11,951 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the sale, the director owned 13,959 shares in the company, valued at $13,702,712.76. This trade represents a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 4,000 shares of Lumentum stock in a transaction on Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the sale, the director owned 8,400 shares of the company’s stock, valued at approximately $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,260 shares of company stock worth $38,859,220 over the last quarter. 0.43% of the stock is owned by insiders.

Lumentum Stock Up 4.5% Shares of NASDAQ LITE opened at $765.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The company has a market cap of $59.56 billion, a P/E ratio of 141.77 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $97.55 and a 1 year high of $1,085.68. The firm has a 50-day simple moving average of $859.31 and a two-hundred day simple moving average of $715.91.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Lumentum Company Profile (Free Report)

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.

Featured Articles Five stocks we like better than Lumentum The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding LITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE – Free Report).

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KeyCorp (KEY - Free Report) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise of +7.32%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

KeyCorp, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $1.96 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.11%. This compares to year-ago revenues of $1.83 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

KeyCorp shares have added about 13% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for KeyCorp?While KeyCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for KeyCorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $2.02 billion in revenues for the coming quarter and $1.82 on $8.04 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, BankUnited, Inc. (BKU - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.

This company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BankUnited, Inc.'s revenues are expected to be $290.57 million, up 6.1% from the year-ago quarter.

Marriott International Chairman David Marriott adds customer-focused operations experience to support execution at scale

Former Equinix CEO Charles Meyers brings digital infrastructure expertise
aligned with AEP's next phase of growth

, /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced that David Marriott, Chairman of the Board of Marriott International, and Charles Meyers, Executive Chairman and former President and Chief Executive Officer of Equinix, have been elected to AEP's Board of Directors (the "Board"), effective July 20.

David Marriott brings extensive experience leading large-scale, customer-focused operations for one of the world's most recognized hospitality companies. Meyers brings deep digital infrastructure expertise from his leadership of Equinix, one of the world's leading global digital infrastructure companies. Together, their perspectives will provide valuable insight as AEP invests to meet unprecedented energy demand while maintaining its focus on reliability and affordability.

"Charles and David are proven leaders whose experience aligns directly with AEP's strategy and complements the strong mix of skills already represented on our Board," said Bill Fehrman, AEP Chairman, President and Chief Executive Officer. "David has spent his career leading complex operations at one of the world's most recognized service companies, where consistency, execution and customer trust are critical. Charles has led one of the world's most important digital infrastructure platforms through a period of extraordinary growth, giving him direct insight into the customers and technologies driving this new era of electric demand. We look forward to benefiting from their expertise and leadership as we execute our strategy to meet growing demand, deliver reliable, affordable power for customers and create long-term value for shareholders."

David Marriott is Chairman of the Board of Marriott International, where he has served as a director since 2021 and as Chairman since 2022. Since joining Marriott in 1999, he has held senior operational, sales and leadership roles across the company, including President, U.S. Full Service Managed by Marriott, where he oversaw more than 330 hotels operating under 14 brands across 34 states and French Polynesia. He also served as Chief Operations Officer, The Americas Eastern Region, where he held an integral role in hotel operations and helped oversee the U.S. integration of Marriott's acquisition of Starwood Hotels & Resorts.

"AEP serves millions of customers who depend on the company every day," said David Marriott. "Delivering consistently across a large footprint requires operational discipline, strong teams, trusted relationships and an unwavering commitment to service. I look forward to working with the Board and management team as AEP continues to serve customers and communities across some of the country's most dynamic regions."

Meyers was appointed Executive Chairman of Equinix in June 2024 after serving as President and CEO from 2018 to 2024. As CEO, he further strengthened Equinix's position as a leading global digital infrastructure company, doubling its global data center footprint, strengthening its ecosystem of leading enterprise customers and quadrupling revenues during his tenure. He previously held several senior leadership roles at Equinix, including Chief Operating Officer, President of Strategy, Services and Innovation, and President of the Americas region.

"The digital economy depends on reliable electric infrastructure, and AEP has the footprint, transmission expertise and operating discipline to help meet those needs," said Meyers. "I am excited to join the Board at such an important time for AEP and contribute to the company's work building the critical infrastructure needed for the future."

With these appointments, AEP's Board will comprise 12 directors, 11 of whom are independent.

ABOUT AEP

American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.

SOURCE American Electric Power

Posted by Defense World Staff on Jul 21st, 2026

Baader Bank Aktiengesellschaft lessened its holdings in Heico Corporation (NYSE:HEI – Free Report) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,750 shares of the aerospace company’s stock after selling 3,255 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Heico were worth $2,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Diamant Asset Management Inc. grew its stake in shares of Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after purchasing an additional 760,687 shares during the period. Munro Partners boosted its stake in Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after buying an additional 87,265 shares in the last quarter. CI Investments Inc. grew its position in Heico by 40.0% in the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after acquiring an additional 46,846 shares during the period. Balyasny Asset Management L.P. grew its position in Heico by 263.2% in the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after acquiring an additional 43,821 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after acquiring an additional 35,288 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth Several brokerages have recently commented on HEI. Wells Fargo & Company set a $350.00 target price on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley set a $370.00 target price on shares of Heico in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Royal Bank Of Canada boosted their price target on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, Citigroup reaffirmed a “buy” rating and set a $410.00 price objective (up from $403.00) on shares of Heico in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.56.

View Our Latest Report on HEI

Insider Buying and Selling at Heico In related news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 4.86% of the stock is currently owned by company insiders.

Heico Trading Down 0.5% HEI stock opened at $341.07 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $369.48. The company has a market cap of $47.63 billion, a P/E ratio of 60.90, a PEG ratio of 3.55 and a beta of 1.03. The business has a fifty day moving average of $331.59 and a 200-day moving average of $317.81.

Heico (NYSE:HEI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. As a group, equities research analysts expect that Heico Corporation will post 5.95 EPS for the current year.

Heico Dividend Announcement The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico’s payout ratio is currently 4.64%.

Heico Company Profile (Free Report)

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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Posted by Defense World Staff on Jul 21st, 2026

Bessemer Group Inc. grew its stake in shares of TransMedics Group, Inc. (NASDAQ:TMDX – Free Report) by 38.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,821 shares of the company’s stock after purchasing an additional 12,812 shares during the period. Bessemer Group Inc. owned approximately 0.13% of TransMedics Group worth $4,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of TransMedics Group by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,465 shares of the company’s stock valued at $649,000 after purchasing an additional 652 shares during the period. Regency Capital Management Inc. DE acquired a new position in TransMedics Group during the first quarter worth about $2,172,000. Geneos Wealth Management Inc. purchased a new position in TransMedics Group in the first quarter valued at about $3,045,000. Principal Financial Group Inc. increased its holdings in TransMedics Group by 19.4% in the first quarter. Principal Financial Group Inc. now owns 231,433 shares of the company’s stock valued at $23,007,000 after buying an additional 37,656 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of TransMedics Group by 97.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,779 shares of the company’s stock valued at $1,668,000 after acquiring an additional 8,260 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

TransMedics Group Stock Down 0.7% TMDX opened at $73.47 on Tuesday. The company has a quick ratio of 6.19, a current ratio of 6.74 and a debt-to-equity ratio of 1.70. The firm has a market cap of $2.54 billion, a P/E ratio of 16.70 and a beta of 1.89. TransMedics Group, Inc. has a 52 week low of $60.10 and a 52 week high of $156.00. The business’s fifty day simple moving average is $71.02 and its 200 day simple moving average is $104.11.

TransMedics Group (NASDAQ:TMDX – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.32). The company had revenue of $173.93 million for the quarter, compared to analysts’ expectations of $174.44 million. TransMedics Group had a return on equity of 22.38% and a net margin of 27.04%.The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. As a group, equities research analysts anticipate that TransMedics Group, Inc. will post 1.92 EPS for the current fiscal year.

Insider Transactions at TransMedics Group In other TransMedics Group news, Director Thomas J. Gunderson sold 9,624 shares of TransMedics Group stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $75.06, for a total value of $722,377.44. Following the completion of the sale, the director directly owned 16,642 shares of the company’s stock, valued at approximately $1,249,148.52. The trade was a 36.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts recently issued reports on the company. UBS Group reaffirmed a “hold” rating on shares of TransMedics Group in a report on Tuesday, May 26th. Canaccord Genuity Group restated a “buy” rating and issued a $124.00 price target on shares of TransMedics Group in a research report on Tuesday, June 30th. TD Cowen restated a “buy” rating and issued a $120.00 price target on shares of TransMedics Group in a research report on Wednesday, July 1st. Needham & Company LLC cut their price target on TransMedics Group from $174.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of TransMedics Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.50.

Read Our Latest Analysis on TMDX

About TransMedics Group (Free Report)

TransMedics Group, Inc is a medical device company headquartered in Andover, Massachusetts, that specializes in advanced organ preservation and transport systems for transplantation. The company’s flagship technology, the Organ Care System (OCS), maintains donor organs in a near-physiologic, warm, beating state during transportation, with the aim of extending preservation times and improving post‐transplant outcomes. TransMedics’ solutions address a critical need in transplantation by reducing ischemic injury and expanding the donor organ pool.

TransMedics currently markets two commercially available OCS platforms.

See Also Five stocks we like better than TransMedics Group The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding TMDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransMedics Group, Inc. (NASDAQ:TMDX – Free Report).

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Posted by Defense World Staff on Jul 21st, 2026

Bessemer Group Inc. raised its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 20,548.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,823 shares of the bank’s stock after purchasing an additional 70,480 shares during the quarter. Bessemer Group Inc. owned approximately 0.14% of WSFS Financial worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its holdings in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth about $33,000. Torren Management LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth about $35,000. Clearstead Advisors LLC boosted its holdings in shares of WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after buying an additional 489 shares during the period. Finally, Quarry LP boosted its holdings in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after buying an additional 500 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Buying and Selling at WSFS Financial In other news, CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the sale, the chief executive officer directly owned 186,088 shares in the company, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

WSFS Financial Stock Performance Shares of NASDAQ:WSFS opened at $78.92 on Tuesday. WSFS Financial Corporation has a 12-month low of $49.92 and a 12-month high of $80.73. The company’s 50 day moving average price is $74.34 and its two-hundred day moving average price is $68.18. The firm has a market cap of $4.11 billion, a PE ratio of 14.04 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

WSFS Financial Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.0%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s payout ratio is presently 14.23%.

Analyst Ratings Changes Several research firms have weighed in on WSFS. Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. UBS Group set a $76.00 price objective on WSFS Financial in a report on Monday, April 27th. DA Davidson increased their target price on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of WSFS Financial in a report on Friday, June 12th. Finally, TD Cowen reissued a “buy” rating and set a $82.00 price target (up from $77.00) on shares of WSFS Financial in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, WSFS Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.07.

Get Our Latest Report on WSFS

WSFS Financial Company Profile (Free Report)

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

See Also Five stocks we like better than WSFS Financial The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced that Eric Kappler has joined the company as Executive Vice President and President, P&C, effective July 30. In this role, Kappler will lead Kemper's unified P&C organization, including specialty personal and commercial vehicle lines, and P&C claims operations. He will report to Stephen J. McAnena, Kemper's President and CEO. Kappler succeeds Matthew Hunton, who has left the company. “Eric is an accomplished insuranc.

July 21, 2026 07:00 ET  | Source: Vicor Corporation

ANDOVER, Mass., July 21, 2026 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the second quarter ended June 30, 2026. These results will be discussed at 8:00 a.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below.

Product and royalty revenues for the second quarter ended June 30, 2026 totaled $143.4 million, a 26.9% sequential increase from $113.0 million in the first quarter of 2026, compared to $141.0 million from product revenues, royalty revenues and a patent litigation settlement of $45.0 million for the corresponding period a year ago.

Gross margin increased sequentially to $83.1 million for the second quarter of 2026, compared to $62.4 million for the first quarter of 2026, and decreased from $92.1 million for the corresponding period a year ago. Gross margin, as a percentage of revenue, increased to 58.0% for the second quarter of 2026, compared to 55.2% for the first quarter of 2026. Gross margin decreased from 65.3% for the corresponding period a year ago which included the aforementioned $45.0 million patent litigation settlement. Operating expenses increased sequentially to $48.2 million for the second quarter of 2026, compared to $45.5 million for the first quarter of 2026, and increased from $46.7 million for the corresponding period a year ago.

Net income for the second quarter was $49.8 million, or $1.04 per diluted share, compared to net income of $20.7 million, or $0.44 per diluted share, for the first quarter of 2026 and net income of $41.2 million or $0.91 per diluted share, for the corresponding period a year ago.

Cash flow from operations totaled $34.0 million for the second quarter, compared to cash flow used for operations of $(3.9) million in the first quarter of 2026, which included the impact of a $28.6 million payment of an award for past litigation, and cash flow from operations of $65.2 million for the corresponding period a year ago. Capital expenditures for the second quarter totaled $11.2 million, compared to $12.4 million for the first quarter of 2026 and $6.2 million for the corresponding period a year ago. Cash and cash equivalents as of June 30, 2026 increased 12.2% sequentially to approximately $453.6 million compared to approximately $404.2 million as of March 31, 2026.

Backlog for the second quarter ended June 30, 2026 totaled $380 million, a 26% sequential increase from $301 million at the end of the first quarter of 2026, and increased 145% from $155 million for the corresponding period a year ago.

Commenting on second quarter performance, Chief Executive Officer Dr. Patrizio Vinciarelli stated: “Rising demand across high-performance compute, automatic test equipment, and industrial, aerospace and defense applications is absorbing increased capacity within our first ChiP fab. As we get closer to full capacity utilization, we are taking steps toward a second fab for high current density 2nd Gen VPD ChiPs.

AI OEMs and Hyper-scalers are at a loss dealing with the current density and PDN limitations of 1st Gen. VPD systems. The industry’s fixation with PoL regulators (replacing VRs, operating from 12V or 6V, with IVRs, operating from 1.8V) merely trades off one handicap (low current density) for another (low current gain). Feeding IVRs with a current multiplier is an incremental opportunity for Vicor.

With its 2nd Gen VPD IP, Vicor is uniquely equipped to overcome the power system challenges standing in the way of future advances in TPUs, GPUs and Wafer Scale Engines.”

For more information on Vicor and its products, please visit the Company’s website at www.vicorpower.com.

Earnings Conference Call

Vicor will be holding its investor conference call today, Tuesday, July 21, 2026 at 8:00 a.m. Eastern Time. Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 8:00 a.m. on July 21, 2026. For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor's website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor's website.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “assumes,” “may,” “will,” “would,” “should,” “continue,” “prospective,” “project,” and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management’s current expectations and estimates as to the prospective events and circumstances that may or may not be within the company’s control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor’s Annual Report on Form 10-K for the year ended December 31, 2025, under Part I, Item I — “Business,” under Part I, Item 1A — “Risk Factors,” under Part I, Item 3 — “Legal Proceedings,” and under Part II, Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments.

Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.

   For further information contact:

James F. Schmidt, Chief Financial Officer
Office: (978) 470-2900
Email: [email protected]

VICOR CORPORATION             CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS   (Thousands except for per share amounts)              QUARTER ENDED SIX MONTHS ENDED (Unaudited) (Unaudited)         JUN 30, JUN 30, JUN 30, JUN 30, 2026
 2025
 2026
 2025
                Product revenue$112,926  $85,693 $210,930  $168,899Royalty revenue 30,426   10,353  45,391   21,115Total net revenues 143,352   96,046  256,321   190,014Patent litigation settlement -   45,000  -   45,000Total net revenues and patent litigation settlement 143,352   141,046  256,321   235,014Cost of product revenues 60,232   48,918  110,835   98,521Gross margin 83,120   92,128  145,486   136,493 Operating expenses:       Selling, general and administrative 27,601   27,952  50,793   53,089Research and development 20,641   18,791  42,931   38,168Total operating expenses 48,242   46,743  93,724   91,257        Income from operations 34,878   45,385  51,762   45,236        Other income (expense), net 4,045   3,657  7,564   6,791        Income before income taxes 38,923   49,042  59,326   52,027        Less: (Benefit) provision for income taxes (10,863)  7,842  (11,136)  8,266        Consolidated net income 49,786   41,200  70,462   43,761        Less: Net income attributable to       noncontrolling interest 14   8  26   30        Net income attributable to       Vicor Corporation$49,772  $41,192 $70,436  $43,731                Net income per share attributable       to Vicor Corporation:       Basic$1.08  $0.92 $1.54  $0.97Diluted$1.04  $0.91 $1.48  $0.97        Shares outstanding:       Basic 45,936   45,007  45,703   45,112Diluted 47,708   45,077  47,481   45,286  VICOR CORPORATION       CONDENSED CONSOLIDATED BALANCE SHEET  (Thousands)        JUN 30, DEC 31,  2026   2025  (Unaudited) (Unaudited)Assets       Current assets:   Cash and cash equivalents$453,582  $402,805 Accounts receivable, net 78,929   60,716 Inventories 104,489   91,340 Other current assets 33,346   32,502 Total current assets 670,346   587,363     Long-term deferred tax assets 38,746   27,463 Long-term investment, net 2,525   2,462 Property, plant and equipment, net 162,536   147,690 Other assets 20,009   20,853     Total assets$894,162  $785,831     Liabilities and Equity       Current liabilities:   Accounts payable$20,415  $12,290 Accrued compensation and benefits 15,321   12,031 Accrued expenses 7,662   3,691 Accrued litigation -   28,275 Sales allowances 4,414   3,136 Short-term lease liabilities 1,767   1,568 Income taxes payable 141   904 Short-term deferred revenue and customer prepayments 875   3,426     Total current liabilities 50,595   65,321     Long-term income taxes payable 3,132   3,086 Long-term lease liabilities 5,841   5,608 Total liabilities 59,568   74,015     Equity:   Vicor Corporation stockholders' equity:   Capital stock 472,396   462,805 Retained earnings 491,795   421,359 Accumulated other comprehensive loss (1,733)  (1,672)Treasury stock (128,139)  (170,935)Total Vicor Corporation stockholders' equity 834,319   711,557 Noncontrolling interest 275   259 Total equity 834,594   711,816     Total liabilities and equity$894,162  $785,831  

Posted by Defense World Staff on Jul 21st, 2026

California Public Employees Retirement System lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,194,133 shares of the utilities provider’s stock after selling 453,643 shares during the period. California Public Employees Retirement System owned approximately 0.18% of CenterPoint Energy worth $51,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. increased its position in CenterPoint Energy by 131.9% in the 1st quarter. Assetmark Inc. now owns 6,952 shares of the utilities provider’s stock valued at $300,000 after buying an additional 3,954 shares in the last quarter. Bessemer Group Inc. boosted its holdings in CenterPoint Energy by 38.5% in the first quarter. Bessemer Group Inc. now owns 53,141 shares of the utilities provider’s stock worth $2,293,000 after acquiring an additional 14,762 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in CenterPoint Energy by 27.6% in the first quarter. Wealthfront Advisers LLC now owns 193,710 shares of the utilities provider’s stock worth $8,361,000 after acquiring an additional 41,944 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in CenterPoint Energy in the first quarter valued at approximately $202,000. Finally, Marks Group Wealth Management Inc grew its stake in CenterPoint Energy by 15.8% in the first quarter. Marks Group Wealth Management Inc now owns 59,527 shares of the utilities provider’s stock valued at $2,569,000 after acquiring an additional 8,131 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance Shares of CNP opened at $43.02 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock has a 50 day moving average price of $43.02 and a two-hundred day moving average price of $42.17. The firm has a market capitalization of $28.14 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.56 and a beta of 0.46. CenterPoint Energy, Inc. has a 52 week low of $36.59 and a 52 week high of $45.22.

CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period last year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is currently 56.44%.

Analysts Set New Price Targets A number of equities analysts have recently weighed in on CNP shares. BTIG Research started coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Bank of America boosted their price target on shares of CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.31.

Read Our Latest Research Report on CenterPoint Energy

CenterPoint Energy Profile (Free Report)

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.

See Also Five stocks we like better than CenterPoint Energy The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

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Bank of New York Mellon Corp lessened its position in American Financial Group, Inc. (NYSE:AFG – Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 778,073 shares of the insurance provider’s stock after selling 40,961 shares during the quarter. Bank of New York Mellon Corp owned 0.94% of American Financial Group worth $99,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in American Financial Group by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,567,721 shares of the insurance provider’s stock worth $350,956,000 after purchasing an additional 57,246 shares during the period. Geode Capital Management LLC increased its stake in shares of American Financial Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,732,557 shares of the insurance provider’s stock valued at $236,645,000 after buying an additional 29,731 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Financial Group by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,266,001 shares of the insurance provider’s stock valued at $173,045,000 after acquiring an additional 138,483 shares in the last quarter. Northern Trust Corp lifted its stake in American Financial Group by 33.2% in the third quarter. Northern Trust Corp now owns 1,026,783 shares of the insurance provider’s stock worth $149,623,000 after acquiring an additional 255,693 shares during the period. Finally, Morgan Stanley grew its holdings in American Financial Group by 4.3% during the 4th quarter. Morgan Stanley now owns 894,998 shares of the insurance provider’s stock worth $122,329,000 after acquiring an additional 36,971 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

Insider Transactions at American Financial Group In related news, SVP Michelle A. Gillis sold 2,247 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total transaction of $312,333.00. Following the completion of the transaction, the senior vice president directly owned 13,135 shares in the company, valued at $1,825,765. This trade represents a 14.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Lawrence Thompson, Jr. sold 11,370 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the sale, the insider owned 584,098 shares in the company, valued at $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.90% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts recently commented on AFG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a research report on Thursday, June 11th. Keefe, Bruyette & Woods upped their price target on American Financial Group from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Piper Sandler raised their price objective on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their target price on American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $150.75.

Get Our Latest Analysis on AFG

American Financial Group Trading Up 0.3% Shares of AFG stock opened at $142.25 on Tuesday. American Financial Group, Inc. has a 1-year low of $122.11 and a 1-year high of $150.02. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 13.52 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a 50 day simple moving average of $136.15 and a 200-day simple moving average of $132.36.

American Financial Group (NYSE:AFG – Get Free Report) last released its earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts expect that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. American Financial Group’s payout ratio is presently 33.46%.

American Financial Group Profile (Free Report)

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.

See Also Five stocks we like better than American Financial Group The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG – Free Report).

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