Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 170.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,435 shares of the aerospace company's stock after buying an additional 163,433 shares during the period. Principal Financial Group Inc. owned approximately 0.68% of Curtiss-Wright worth $92,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in shares of Curtiss-Wright by 8.2% during the third quarter. Creative Planning now owns 3,005 shares of the aerospace company's stock worth $988,000 after purchasing an additional 227 shares during the period. Blue Trust Inc. boosted its holdings in shares of Curtiss-Wright by 835.1% in the 3rd quarter. Blue Trust Inc. now owns 346 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 309 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Curtiss-Wright by 91.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company's stock worth $58,543,000 after acquiring an additional 85,013 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Curtiss-Wright by 26.2% during the third quarter. Sequoia Financial Advisors LLC now owns 8,166 shares of the aerospace company's stock worth $2,684,000 after purchasing an additional 1,697 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock valued at $132,000 after purchasing an additional 29 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 2,664 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. This represents a 9.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $14.25 during midday trading on Friday, reaching $316.15. 415,895 shares of the company's stock traded hands, compared to its average volume of 313,894. The company has a fifty day simple moving average of $353.39 and a two-hundred day simple moving average of $342.46. Curtiss-Wright Co. has a 1 year low of $234.37 and a 1 year high of $393.40. The company has a market cap of $11.91 billion, a P/E ratio of 29.97, a PEG ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.27%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CW shares. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock. Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $386.86.

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.