Jupiter Topco LLC Makes New $2.88 Million Investment in Curtiss-Wright Corporation $CW

Key Points

• Jupiter Topco LLC purchased 3,806 Curtiss-Wright shares in the second quarter, valued at approximately $2.88 million. Institutional investors collectively own 82.71% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $765.71; individual targets range from $665 to $870.
• Curtiss-Wright exceeded quarterly EPS expectations, reporting $3.72 versus the $3.62 consensus estimate, while revenue rose 5.4% year over year to $924.01 million. Shares opened at $561.93, well below their 12-month high of $808.16.

Jupiter Topco LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,806 shares of the aerospace company's stock, valued at approximately $2,883,000.

Several other institutional investors have also recently made changes to their positions in CW. BlackRock Inc. bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Pacer Advisors Inc. lifted its holdings in shares of Curtiss-Wright by 114.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company's stock worth $5,931,000 after purchasing an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Curtiss-Wright in the 4th quarter worth $1,104,000. Northwestern Mutual Wealth Management Co. grew its position in Curtiss-Wright by 39,282.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company's stock valued at $35,605,000 after purchasing an additional 64,423 shares during the period. Finally, Catalyst Funds Management Pty Ltd increased its stake in Curtiss-Wright by 72.8% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company's stock valued at $4,097,000 after purchasing an additional 3,132 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Analysts Set New Price Targets

CW has been the topic of a number of recent research reports. 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. Piper Sandler assumed coverage on shares of Curtiss-Wright in a research report on Wednesday. They set a "neutral" rating and a $665.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a report on Wednesday, August 12th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Hold" and a consensus target price of $765.71.

Insiders Place Their Bets

In related news, Director Larry D. Wyche sold 100 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director directly owned 1,414 shares of the company's stock, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares of the company's stock, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,034 shares of company stock valued at $2,793,173. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $561.93 on Thursday. The company has a market capitalization of $20.75 billion, a PE ratio of 38.67, a PEG ratio of 2.61 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $706.43 and its 200-day moving average price is $713.38. Curtiss-Wright Corporation has a twelve month low of $465.51 and a twelve month high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the company posted $3.23 earnings per share. Curtiss-Wright's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Corporation will post 15.28 EPS for the current year.

Curtiss-Wright Company Profile

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.

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