3,806 Shares in Curtiss-Wright Corporation $CW Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,806 shares of the aerospace company’s stock, valued at approximately $2,883,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the 2nd quarter worth $3,448,649,000. Norges Bank bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $290,633,000. Primecap Management Co. CA purchased a new position in Curtiss-Wright in the second quarter worth $390,106,000. Corient Private Wealth LLC grew its position in Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after acquiring an additional 400,047 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Curtiss-Wright in the second quarter valued at $270,458,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $561.93 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $706.43 and a 200-day moving average of $713.38. The firm has a market cap of $20.75 billion, a P/E ratio of 38.67, a P/E/G ratio of 2.61 and a beta of 0.84. Curtiss-Wright Corporation has a 1-year low of $465.51 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.23 EPS. Sell-side analysts expect that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Insiders Place Their Bets

In related news, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the sale, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,034 shares of company stock valued at $2,793,173 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CW shares. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Piper Sandler started coverage on shares of Curtiss-Wright in a report on Wednesday. They issued a “neutral” rating and a $665.00 price objective for the company. Finally, Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $765.71.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.