SouthState Corp Has $56,000 Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

SouthState Corp lessened its position in Curtiss-Wright Co. (NYSE:CW – Get Rating) by 23.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 372 shares of the aerospace company’s stock after selling 112 shares during the period. SouthState Corp’s holdings in Curtiss-Wright were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Curtiss-Wright by 0.3% in the 1st quarter. Fisher Asset Management LLC now owns 84,240 shares of the aerospace company’s stock valued at $12,649,000 after purchasing an additional 240 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Curtiss-Wright by 82.3% in the first quarter. Russell Investments Group Ltd. now owns 6,759 shares of the aerospace company’s stock valued at $1,013,000 after buying an additional 3,052 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Curtiss-Wright by 8.5% in the first quarter. Advisor Group Holdings Inc. now owns 4,757 shares of the aerospace company’s stock valued at $765,000 after buying an additional 372 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Curtiss-Wright by 9.5% in the first quarter. Victory Capital Management Inc. now owns 41,444 shares of the aerospace company’s stock valued at $6,159,000 after buying an additional 3,608 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Curtiss-Wright by 5.1% in the first quarter. Commonwealth Equity Services LLC now owns 5,483 shares of the aerospace company’s stock valued at $823,000 after buying an additional 267 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CW. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. Truist Financial cut their price target on Curtiss-Wright from $167.00 to $166.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Stifel Nicolaus cut their price target on Curtiss-Wright from $168.00 to $155.00 in a report on Monday, July 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.40.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $144.50 on Friday. The stock has a market capitalization of $5.55 billion, a P/E ratio of 22.16 and a beta of 1.32. Curtiss-Wright Co. has a 1-year low of $113.04 and a 1-year high of $162.98. The company has a current ratio of 1.36, a quick ratio of 1.08 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $135.61 and a two-hundred day moving average price of $141.21.

Curtiss-Wright (NYSE:CW – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.12. The firm had revenue of $559.46 million during the quarter, compared to analysts’ expectations of $579.97 million. Curtiss-Wright had a return on equity of 15.77% and a net margin of 10.50%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. Equities analysts predict that Curtiss-Wright Co. will post 8.19 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were given a dividend of $0.19 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, June 16th. Curtiss-Wright’s payout ratio is presently 11.66%.

Curtiss-Wright Company Profile

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