HWM Stock Recent News
HWM LATEST HEADLINES
In the closing of the recent trading day, Howmet (HWM) stood at $95.28, denoting a +1.11% change from the preceding trading day.
5 surging old economy stocks with strong earnings estimate revisions are: NEM, PH, CR, HWM, JPM.
Howmet Aerospace Inc. (NYSE:HWM ) Jefferies 2024 Global Industrial Conference September 5, 2024 10:25 AM ET Company Participants John Plant – Chairman and Chief Executive Officer Conference Call Participants Sheila Kahyaoglu – Jefferies Sheila Kahyaoglu Good morning, everyone. My name is Sheila Kahyaoglu, with the Jefferies Aerospace and Defense Equity Research team, and thank you for Howmet for supporting our conference.
Howmet (HWM) benefits from strength across its end markets, solid liquidity position and shareholder-friendly policies.
Here is how Howmet (HWM) and Primoris Services (PRIM) have performed compared to their sector so far this year.
ZIM, HCA, MRX, SN and TWO have been added to the Zacks Rank #1 (Strong Buy) List on August 20, 2024.
The strong air travel demand from the previous quarter continues into the current quarter. With commercial aerospace accounting for 52% of total revenue, this is anticipated to bolster HWM's outlook. Despite challenges with Boeing's production rate, HWM remains optimistic and has increased its expected build rate for Boeing's 737 aircraft. For its most recent 2Q24, HWM delivered strong earnings results, with revenue growing 14% year-over-year, driven by the commercial aerospace market. Additionally, margins also expanded.
Hold rating for Howmet Aerospace due to the high valuation. The business provides engineered solutions for the aerospace and transportation industries, with commercial aircraft as the largest growth driver. Positive long-term growth outlook for commercial segment due to increasing air passengers and aftermarket demand.
We have narrowed our search to five U.S. corporate bigwigs. These are: RCL, GE, IBKR, APH, HWM.
Howmet and FTAI are near their all time highs as investors rotate out of tech stocks. The defense stocks hold strong technical ratings.