Principal Financial Group Inc. Lowers Position in Curtiss-Wright Co. (NYSE:CW)

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

Other large investors also recently modified their holdings of the company. Signaturefd LLC lifted its holdings 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 last quarter. Tidal Investments LLC lifted its stake in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after buying an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company's stock valued at $363,000 after buying an additional 37 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company's stock worth $382,000 after buying an additional 37 shares during the period. Finally, Pathstone Holdings LLC grew its stake in Curtiss-Wright by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company's stock valued at $1,442,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW traded up $5.79 on Wednesday, reaching $361.27. The company had a trading volume of 88,157 shares, compared to its average volume of 230,782. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a 52-week low of $212.05 and a 52-week high of $393.40. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.96 and a beta of 1.18. The business has a 50 day simple moving average of $364.68 and a 200 day simple moving average of $321.44.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio is 7.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CW shares. Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target for the company. Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $379.00.

Insiders Place Their Bets

In related news, VP John C. Watts sold 412 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

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.