Principal Financial Group Inc. Has $31.56 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Principal Financial Group Inc. lowered its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,002 shares of the aerospace company's stock after selling 31,529 shares during the quarter. Principal Financial Group Inc. owned about 0.25% of Curtiss-Wright worth $31,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its stake in Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock valued at $31,000 after buying an additional 116 shares during the period. Tsfg LLC increased its stake in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares during the period. Finally, UMB Bank n.a. increased its stake in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $3.85 during midday trading on Tuesday, hitting $385.64. The company had a trading volume of 251,696 shares, compared to its average volume of 221,739. The business's 50 day simple moving average is $336.98 and its two-hundred day simple moving average is $300.74. The stock has a market cap of $14.63 billion, a PE ratio of 36.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a 1-year low of $208.01 and a 1-year high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's dividend payout ratio is currently 7.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CW shares. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Truist Financial raised their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $362.60.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares of the company's stock, valued at $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 412 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company's stock, valued at $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Company 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.