Curtiss-Wright has captured momentum investors’ attention with a three-month total return of 45%, driven by accelerating demand in its defense and industrial segments. In its latest quarterly report, the company posted revenue of $715 million, up 8.2% year-over-year, and adjusted operating margin expanded by 150 basis points to 18.5%. Management highlighted a $2.4 billion order backlog, a new record, supported by multi-year contracts for naval propulsion systems and aerospace safety solutions. Analysts have raised full-year earnings estimates by 6% since the report, citing stronger aftermarket parts sales and improved service revenues as key catalysts for continued multiple expansion.

Curtiss-Wright outpaced peers in the recent old economy rally, gaining over 30% in the past month alongside banks, industrial conglomerates and defense names. The stock’s relative strength reflects its diversified end markets, with energy generation, commercial aviation and naval programs each contributing roughly one third of segment profit. Institutional ownership has climbed to 68%, up from 61% six months ago, as fund managers rotate into high-quality industrials with stable cash flows. With the company trading near its five-year high revenue multiple and free cash flow yield above 7%, investors view CW as a top momentum pick within non-technology sectors.