Houlihan Financial Resource Group Ltd. Acquires New Stake in Corteva, Inc. $CTVA

Houlihan Financial Resource Group Ltd. purchased a new position in shares of Corteva, Inc. (NYSE:CTVA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,183 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arista Wealth Management LLC lifted its stake in Corteva by 43.4% during the fourth quarter. Arista Wealth Management LLC now owns 12,005 shares of the company’s stock worth $805,000 after purchasing an additional 3,636 shares during the last quarter. Connecticut Capital Management Group LLC bought a new stake in Corteva during the fourth quarter worth about $277,000. Texas Capital Bank Wealth Management Services Inc lifted its stake in Corteva by 10.0% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,245 shares of the company’s stock worth $352,000 after purchasing an additional 478 shares during the last quarter. Millington Financial Advisors LLC bought a new stake in Corteva during the fourth quarter worth about $3,057,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Corteva by 47.4% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 7,085 shares of the company’s stock worth $475,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CTVA shares. Mizuho lifted their price target on Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. CICC Research boosted their target price on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their target price on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday. Rothschild & Co Redburn boosted their target price on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered Corteva from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $77.00 in a research note on Thursday, February 5th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.67.

Corteva Stock Up 0.8%

CTVA stock opened at $80.53 on Friday. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The business’s 50 day moving average price is $81.35 and its two-hundred day moving average price is $74.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. The company has a market capitalization of $53.86 billion, a price-to-earnings ratio of 47.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s dividend payout ratio is 42.35%.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid?2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.