Group 1: Company Performance and Growth Drivers - Howmet is experiencing growth due to an expanding defense budget, which is a catalyst for the company alongside its strong position in the commercial aerospace market [1][8] - The demand for wide-body aircraft is increasing, which supports original equipment manufacturer (OEM) spending and drives Howmet's sales as airlines purchase more aircraft [7] - In 2023, Howmet's shares gained 45.6%, outperforming the industry growth of 18.1% [9] Group 2: Financial Metrics and Shareholder Returns - In the first three months of 2024, Howmet paid out $21 million in dividends and repurchased shares worth $150 million, with a planned 40% increase in the dividend rate to 7 cents per share in Q3 2024 [2] - The cost of goods sold increased by 16.3% year over year to $4.8 billion in 2023, and selling, general, administrative, and other expenses rose by 15.6% due to higher employment costs and legal fees [10] Group 3: Market Risks - Howmet's international operations expose the company to risks from adverse currency fluctuations, particularly if the U.S. dollar strengthens, which could impact profit margins [3]

Investors interested in Engineering - R and D Services stocks are likely familiar with Babcock International Group PLC (BCKIY) and Howmet (HWM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisio ...

In the latest trading session, Howmet (HWM) closed at $78.63, marking a -1.88% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq decreased by 1.09%. Market participants will be closely following the financial results of Howmet in its upcoming release. On that day, Howmet is projected to report earnings of $0.60 per share, which would represent year-over-year growth of 36.36% ...

Core Viewpoint - Howmet (HWM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook due to rising earnings estimates, which are a significant factor influencing stock prices [1][4][10]. Earnings Estimate Revisions - Analysts have increased their earnings estimates for Howmet, with the Zacks Consensus Estimate rising by 9.7% over the past three months [6]. - For the fiscal year ending December 2024, Howmet is expected to earn $2.39 per share, reflecting a 29.9% increase from the previous year's reported figure [13]. Zacks Rating System - The Zacks rating system maintains a balanced approach, with an equal distribution of 'buy' and 'sell' ratings across over 4000 stocks, ensuring that only the top 5% receive a 'Strong Buy' rating [7]. - The upgrade to Zacks Rank 1 places Howmet in the top 5% of Zacks-covered stocks, suggesting potential for near-term stock price appreciation [8]. Impact of Earnings on Stock Prices - Empirical research indicates a strong correlation between earnings estimate revisions and short-term stock price movements, making it beneficial for investors to track these revisions [5][11]. - Institutional investors often rely on earnings estimates to assess a company's fair value, and changes in these estimates can lead to significant stock price movements due to large transactions [11].

Howmet is a member of our Construction group, which includes 94 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. For Louisiana-Pacific, the consensus EPS estimate for the current year has increased 50.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Investors with an interest in Construc ...

In the latest market close, Howmet (HWM) reached $83.43, with a +0.3% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.85%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw an increase of 1.53%. The maker of engineered products for the aerospace and other industries's shares have seen an increase of 2.84% over the last month, surpassing the Construction sector's loss of 5.58% and falling behind the S&P 500's gain ...

Howmet Aerospace Inc. (HWM) stands to benefit from strength across its businesses and focus on operational excellence. The company remains focused on investing in growth opportunities and strengthening its long-term market position. The company has a market capitalization of $34 billion. Over the past six months, it has gained 53.4% compared with the industry's growth of 25.8%. HWM currently sports a Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Shareholder-Friendly Policies: Howmet re ...

The good news is that Howmet's execution in the quarter helped dispel these fears. Strong evidence suggests that Boeing's production slowdown is resulting in more older planes being flown. Moreover, the ongoing growth in flight departures means these older planes are clocking more passenger miles, resulting in increased aftermarket demand from companies like Howmet. Indeed, it's a similar story at another aerospace supplier, Carpenter Technology. Where next for Howmet Aerospace? The aerospace supplier beat ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Howmet (HWM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Howmet currently has an average brokerage re ...

At the moment the Zacks Engineering-R and D Services Industry is in the top 28% of over 250 Zacks industries and many of the stocks in the space are seeing sound growth. These companies tend to serve as viable long-term investments as they are critical to the research and development of engineering that focuses on solving advanced technical problems with intelligent solutions. Even better, here are three Zacks Engineering-R and D Services Industry stocks that currently sport a Zacks Rank #2 (Buy) and have s ...