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Is Howmet (HWM) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-10-30 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is m ...
U.S. Congressman just invested $250k in this stock
Finbold· 2024-10-16 13:10
A disclosure published on October 14 reveals that Michael McCaul, the congressional representative of Texas's 10th district, invested between $100,001 and $250,000 in Howmet Aerospace (NYSE: HWM). The trade was executed on September 16 — at which point HWM shares were trading for $94.59. At press time, Howmet stock is trading at $104.17 — having rallied by an impressive 93.87% on a year-to-date (YTD) basis. Since McCaul's purchase, HWM has surged by 10.12%. According to the latest data from the US Senator S ...
Howmet Shares Fly High
FX Empire· 2024-10-16 11:25
FX Empire Logo English check-icon Italiano Español Português Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial ...
Here's Why Hold Strategy is Apt for Howmet Stock Right Now
ZACKS· 2024-10-15 17:00
Howmet Aerospace Inc. (HWM) is benefiting from solid momentum in its commercial aerospace market. The continued strength in air travel, with wide-body aircraft demand picking up, has been supporting OEM spending. Pickup in air travel has been positive for the company as the increased usage of aircraft spurs spending on parts and products that it provides. Solid demand for air travel is also encouraging airlines to purchase more aircraft, which is again driving its sales. While the commercial aerospace marke ...
Here's Why Howmet (HWM) Gained But Lagged the Market Today
ZACKS· 2024-10-08 23:20
Stock Performance - Howmet's stock ended at $102 99, marking a +0 16% increase from the previous day's close [1] - The stock underperformed compared to the S&P 500 (+0 97%), Dow (+0 3%), and Nasdaq (+1 45%) [1] - Over the past month, Howmet's shares gained 9 76%, outperforming the Construction sector (+8 21%) and the S&P 500 (+5 41%) [2] Earnings and Revenue Projections - The company's upcoming earnings report is expected to show an EPS of $0 66, a 43 48% increase from the same quarter last year [3] - Revenue is projected to be $1 85 billion, up 11 83% year-over-year [3] - For the annual period, EPS is estimated at $2 59 (+40 76% YoY) and revenue at $7 47 billion (+12 54% YoY) [4] Analyst Revisions and Zacks Rank - Recent upward revisions in analyst estimates reflect positivity towards the company's business operations and profitability [5] - The Zacks Rank system, which integrates estimate changes, has a strong track record, with 1-ranked stocks averaging +25% annual returns since 1988 [7] - Howmet currently holds a Zacks Rank of 2 (Buy), with the consensus EPS estimate increasing by 0 18% over the last 30 days [7] Valuation Metrics - Howmet is trading at a Forward P/E ratio of 39 63, higher than the industry average of 21 16 [8] - The company's PEG ratio is 1 49, slightly below the industry average of 1 54 [8] Industry Overview - The Engineering - R and D Services industry, part of the Construction sector, has a Zacks Industry Rank of 64, placing it in the top 26% of all industries [9] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [9]
Will Howmet (HWM) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-08 17:18
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Howmet (HWM) , which belongs to the Zacks Engineering - R and D Services industry. When looking at the last two reports, this maker of engineered products for the aerospace and other industries has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.64%, on average, in the last two quarters. For the most recent qu ...
Here's Why Howmet (HWM) is a Strong Momentum Stock
ZACKS· 2024-10-08 14:55
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks St ...
Howmet (HWM) Is Up 1.81% in One Week: What You Should Know
ZACKS· 2024-10-07 17:01
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. Eve ...
Howmet Aerospace Inc. (HWM) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-10-07 14:16
Have you been paying attention to shares of Howmet (HWM) ? Shares have been on the move with the stock up 11.6% over the past month. The stock hit a new 52-week high of $103 in the previous session. Howmet has gained 88.5% since the start of the year compared to the 22.7% move for the Zacks Construction sector and the 41.3% return for the Zacks Engineering - R and D Services industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earn ...
GE and Howmet Poised for Strong Earnings as Aerospace Sector Stays Resilient: Analyst
Benzinga· 2024-10-03 19:10
Deutsche Bank analyst Scott Deuschle changed price targets and presented earnings previews for major Aerospace companies such as GE Aerospace GE and Howmet Aerospace Inc. HWM. The analyst writes that these stocks are well-insulated against end-market challenges and are likely to achieve the largest earnings beats and drive significant upward revisions. GE Aerospace: The analyst raised the price target to $235 from $212 while maintaining a Buy rating. Deuschle expects a 9% EPS beat in their base case and a 1 ...