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Is Howmet Aerospace (HWM) Outperforming Other Construction Stocks This Year?
Howmet AerospaceHowmet Aerospace(US:HWM) ZACKSยท2024-06-14 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]