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Is Howmet Aerospace (HWM) Outperforming Other Construction Stocks This Year?
ZACKS· 2024-06-14 14:46
Group 1: Company Performance - Howmet is a member of the Construction group, currently ranked 2 in the Zacks Sector Rank, which evaluates 16 different groups based on the average Zacks Rank of individual stocks [1] - Howmet has achieved a year-to-date return of approximately 53%, outperforming the average gain of 8.4% in the Construction group [5] - Louisiana-Pacific has seen a significant increase in its consensus EPS estimate for the current year, rising by 50.2% over the past three months, and holds a Zacks Rank of 1 (Strong Buy) [2] Group 2: Industry Context - Howmet belongs to the Engineering - R and D Services industry, which is currently ranked 48 in the Zacks Industry Rank, with an average gain of 24% year-to-date [6] - Louisiana-Pacific is part of the Building Products - Wood industry, which is ranked 156 and has experienced a decline of 4.5% year-to-date [10] Group 3: Analyst Sentiment - The Zacks Consensus Estimate for Howmet's full-year earnings has increased by 9.7% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [8] - Both Howmet and Louisiana-Pacific are highlighted as strong performers within the Construction sector, with Louisiana-Pacific returning 32.2% since the beginning of the year [9]
Howmet (HWM) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-06-12 23:00
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 ...
Reasons Why Howmet (HWM) Deserves to be in Your Portfolio
ZACKS· 2024-06-12 17:01
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 ...
Here's Why Shares of Howmet Aerospace Crushed the Market in May
The Motley Fool· 2024-06-05 16:31
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 ...
Brokers Suggest Investing in Howmet (HWM): Read This Before Placing a Bet
ZACKS· 2024-06-05 14:31
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 ...
3 Stocks to Buy Among the Top-Rated Zacks Engineering-R and D Services Industry
ZACKS· 2024-05-31 01:56
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 ...
Has Howmet Aerospace (HWM) Outpaced Other Construction Stocks This Year?
zacks.com· 2024-05-29 14:46
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Howmet (HWM) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question. Howmet is a member of our Construction group, which includes 94 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is list ...
This Top Construction Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
zacks.com· 2024-05-27 14:01
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor. How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals? Enter the Zacks Rank. What is the Zacks Rank? A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations ...
Are Construction Stocks Lagging Howmet Aerospace (HWM) This Year?
Zacks Investment Research· 2024-05-13 14:46
Group 1 - Howmet (HWM) has shown strong year-to-date performance, with a return of approximately 49.4%, significantly outperforming the Construction sector's average return of 12.1% [4] - The Zacks Rank for Howmet is currently 1 (Strong Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 10% over the past 90 days [3] - Howmet is part of the Engineering - R and D Services industry, which has an average year-to-date gain of 22.5%, further highlighting HWM's superior performance [5] Group 2 - MasTec (MTZ), another stock in the Construction sector, has also performed well with a year-to-date return of 42.7% and a Zacks Rank of 2 (Buy) [4][5] - The Building Products - Heavy Construction industry, which includes MasTec, has seen a year-to-date increase of 53.1%, ranking 3 in the Zacks Industry Rank [6] - Investors interested in Construction stocks should monitor both Howmet and MasTec for continued strong performance [6]
Howmet (HWM) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-05-09 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...