Jump Financial LLC Makes New $13.29 Million Investment in Curtiss-Wright Corporation $CW

Key Points

• Jump Financial LLC made a new investment in Curtiss-Wright Corporation, purchasing 41,900 shares valued at approximately $13.29 million.
• A significant percentage of Curtiss-Wright's stock, approximately 82.71%, is owned by hedge funds and institutional investors, indicating strong institutional interest in the aerospace company.
• Wall Street analysts are optimistic about Curtiss-Wright, with five analysts rating the stock as a "Buy" and an average target price of $468.14, reflecting positive market sentiment.

Jump Financial LLC purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,900 shares of the aerospace company's stock, valued at approximately $13,294,000. Jump Financial LLC owned approximately 0.11% of Curtiss-Wright as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. AlphaQuest LLC raised its stake in shares of Curtiss-Wright by 605.0% during the first quarter. AlphaQuest LLC now owns 705 shares of the aerospace company's stock worth $224,000 after acquiring an additional 605 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Curtiss-Wright during the first quarter worth approximately $485,000. Compound Planning Inc. raised its stake in shares of Curtiss-Wright by 10.2% during the first quarter. Compound Planning Inc. now owns 744 shares of the aerospace company's stock worth $236,000 after acquiring an additional 69 shares in the last quarter. Tribune Investment Group LP purchased a new position in shares of Curtiss-Wright during the first quarter worth approximately $4,442,000. Finally, Credit Agricole S A increased its stake in shares of Curtiss-Wright by 6.1% in the first quarter. Credit Agricole S A now owns 36,146 shares of the aerospace company's stock worth $11,468,000 after buying an additional 2,082 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,460 shares of company stock worth $1,586,767. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

CW has been the topic of several analyst reports. Citigroup lifted their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Stock Performance

NYSE:CW opened at $479.8510 on Friday. The stock has a market cap of $18.08 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.18. The firm's fifty day simple moving average is $484.26 and its 200 day simple moving average is $400.48. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $517.09. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 earnings per share. As a group, research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Profile

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

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