Bank of America Corp DE Purchases 42,682 Shares of Curtiss-Wright Corporation $CW

Key Points

• Bank of America increased its Curtiss-Wright stake by 31.3%, purchasing 42,682 shares to hold 179,221 shares valued at approximately $122.1 million. Institutional investors collectively own 82.71% of the company.
• Curtiss-Wright reported quarterly EPS of $3.72, exceeding estimates, while revenue rose 5.4% year over year to $924 million. Management raised full-year 2026 EPS guidance to $15.10–$15.40 and expects approximately $3.8 billion in revenue.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $773.67, although insiders recently sold 3,119 shares worth about $2.26 million and the stock remains highly valued at roughly 49 times earnings.

Bank of America Corp DE grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 31.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,221 shares of the aerospace company's stock after purchasing an additional 42,682 shares during the quarter. Bank of America Corp DE owned approximately 0.49% of Curtiss-Wright worth $122,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CW. Oddo BHF Asset Management Sas grew its position in shares of Curtiss-Wright by 2.0% during the 1st quarter. Oddo BHF Asset Management Sas now owns 20,203 shares of the aerospace company's stock valued at $13,761,000 after acquiring an additional 400 shares during the period. Bull Harbor Capital LLC bought a new position in Curtiss-Wright in the 1st quarter worth $805,000. Altshuler Shaham Ltd raised its holdings in Curtiss-Wright by 13.8% in the 1st quarter. Altshuler Shaham Ltd now owns 1,450 shares of the aerospace company's stock worth $988,000 after purchasing an additional 176 shares during the period. Sunbelt Securities Inc. lifted its position in Curtiss-Wright by 112.5% during the first quarter. Sunbelt Securities Inc. now owns 170 shares of the aerospace company's stock valued at $116,000 after purchasing an additional 90 shares in the last quarter. Finally, Amundi grew its holdings in Curtiss-Wright by 670.5% during the first quarter. Amundi now owns 104,761 shares of the aerospace company's stock valued at $71,355,000 after purchasing an additional 91,164 shares during the period. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CW shares. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings raised Curtiss-Wright from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Citigroup increased their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. Finally, Morgan Stanley restated an "overweight" rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $773.67.

Insiders Place Their Bets

In other news, VP Gary A. Ogilby sold 399 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company's stock, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 in the last three months. 0.51% of the stock is owned by company insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $713.91 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The business's 50-day simple moving average is $745.67 and its two-hundred day simple moving average is $714.15. The stock has a market cap of $26.37 billion, a PE ratio of 49.13, a P/E/G ratio of 3.43 and a beta of 0.87. Curtiss-Wright Corporation has a 52 week low of $464.91 and a 52 week high of $808.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.90% and a net margin of 14.81%.The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.23 earnings per share. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. As a group, analysts forecast that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright's payout ratio is currently 7.62%.

Key Headlines Impacting Curtiss-Wright

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Second-quarter adjusted earnings were $3.72 per share, above the $3.62 analyst consensus and up from $3.23 a year earlier. Revenue increased 5.4% year over year to $924.0 million, while net margin was 14.17% and return on equity was 20.0%. Curtiss-Wright Q2 earnings beat estimates
• Positive Sentiment: Management raised its full-year 2026 outlook and said the company is positioned to exceed its 2024–2026 financial targets. EPS guidance is now $15.10–$15.40, with revenue guidance of approximately $3.8 billion. Curtiss-Wright reports Q2 results and raises guidance
• Neutral Sentiment: The earnings call emphasized robust growth and continued execution, supporting the view that demand across Curtiss-Wright’s aerospace, defense and industrial businesses remains healthy. Curtiss-Wright earnings call signals robust growth
• Negative Sentiment: Revenue of $924.0 million fell modestly short of the $926.2 million consensus estimate. At roughly 52 times earnings, CW’s elevated valuation leaves limited room for execution misses, which may help explain the negative market reaction despite the EPS beat and guidance increase. Curtiss-Wright earnings report and conference call

About Curtiss-Wright

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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