Latest news with #Howmet
Yahoo
3 days ago
- Business
- Yahoo
Howmet's Commercial Aerospace Growth Picks Up: A Sign of More Upside?
Howmet Aerospace Inc. HWM continues to strengthen its position in the commercial aerospace market, which remains its primary growth driver at the sustained strength reflects solid momentum in global air travel, which persisted through 2024 and continues into 2025. This strength in the commercial aerospace market has been driven by an increase in wide-body aircraft orders, encouraging original equipment manufacturers (OEMs) to increase their spending levels. For Howmet, this trend is particularly beneficial as higher aircraft utilization drives greater demand for maintenance parts and products that it produces. In the first quarter of 2025, revenues from the commercial aerospace market rose 9% year over year, constituting 52% of HWM's total are investing heavily in greener technologies as sustainability has become a key focus in aviation. The rise in HWM's revenues was attributed to growing popularity for new, more fuel-efficient aircraft, which, in turn, increased demand for its engine spares. Howmet remains well-positioned to capitalize on the favorable market dynamics, with the commercial aerospace sector continuing to demonstrate resilience and growth. Despite strong year-over-year growth, the commercial aerospace market has been facing a few challenges. The recovery in Boeing 787 and Airbus A350 production has been slower than expected due to delays and supply-chain disruptions. Among its major peers, RTX Corporation RTX reported 8% organic sales growth in the first quarter of 2025. This growth was largely driven by strength in the commercial aerospace market, where RTX Corp. saw double-digit gains in aftermarket sales and low-single-digit growth in OEM sales. The improvement in commercial aerospace sales boosted RTX's Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies are supporting RTX Corp.'s Aerospace GE is benefiting from solid demand for LEAP, GEnx & GE9X engines and services within the Commercial Engines & Services business. This growth is supported by increasing air traffic, fleet renewal and expansion activities. During the first quarter of 2025, GE Aerospace signed new deals with three major customers. ANA Holdings ordered more than 75 LEAP engines and selected GE to supply GEnx engines for 18 new Boeing 787 aircraft. Malaysia Aviation Group placed an order for 60 LEAP engines and spare parts for its Boeing 737 MAX planes. GE Aerospace also received an order from Korean Air for GEnx and GE9X engines to power up to 50 wide-body Boeing jets. These contracts underscore GE's role in driving the growth of the commercial aerospace market globally. Shares of Howmet have surged 104% in the past year compared with the industry's growth of 19.9%. Image Source: Zacks Investment Research From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 46.12X, above the industry's average of 26.59X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HWM's earnings has been on the rise over the past 60 days. Image Source: Zacks Investment Research The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
How to Find Strong Buy Aerospace Stocks Using the Zacks Rank
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor. Howmet was upgraded to the Zacks Rank #1 list on May 27, 2025. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors. Headquartered in Pittsburgh, PA, Howmet Aerospace Inc. provides engineered solutions for customers in the transportation and aerospace (both defense and commercial) industries. Notably, it offers forged wheels for commercial use in the transportation industry. It also provides aerospace fastening systems, components used in jet engines and structural parts made of titanium used in defense and aerospace applications. Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.20 to $3.46 per share. HWM also boasts an average earnings surprise of 8.8%. Earnings are expected to grow 28.6% for the current fiscal year, while revenue is projected to increase 8.5%. HWM has been moving higher over the past four weeks as well, up 14.9% compared to the S&P 500's gain of 6.4%. With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Howmet could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
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Are Aerospace Stocks Lagging Airbus Group (EADSY) This Year?
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Airbus Group (EADSY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Airbus Group is one of 53 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Airbus Group is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for EADSY's full-year earnings has moved 10.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that EADSY has returned about 14.4% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 13.3%. As we can see, Airbus Group is performing better than its sector in the calendar year. One other Aerospace stock that has outperformed the sector so far this year is Howmet (HWM). The stock is up 49% year-to-date. For Howmet, the consensus EPS estimate for the current year has increased 6.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Airbus Group belongs to the Aerospace - Defense industry, a group that includes 25 individual stocks and currently sits at #38 in the Zacks Industry Rank. Stocks in this group have gained about 15.2% so far this year, so EADSY is slightly underperforming its industry this group in terms of year-to-date returns. Howmet is also part of the same industry. Investors with an interest in Aerospace stocks should continue to track Airbus Group and Howmet. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Airbus Group (EADSY) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Market Outlook: Crypto Trading
Ether has recently bounced strongly from April's lows to push back above $2,500, and narratives generally seem to support continuation. The ratio of market value to realised value has increased significantly in recent days, moving above one, while open interest for futures has also surged in May so far. It's difficult to determine whether the price might continue up nearly immediately, consolidate, or retrace first. This week, there are no major scheduled releases affecting crypto, but any news about tariffs or Russo-Ukrainian peace talks could affect Ether like other markets. This article was originally posted on FX Empire Howmet Flies Higher on Earnings Strength Paycom Grows on Big Money Support Market Prepares for the FED: Traders Expect No Surprise Monster's Comeback Continues Forced Buying That Starts a New Market Phase The U.S. Dollar Slips as Economic Uncertainty Rises Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
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Is It Worth Investing in Howmet (HWM) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Howmet (HWM). Howmet currently has an average brokerage recommendation (ABR) of 1.43, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.43 approximates between Strong Buy and Buy. Of the 21 recommendations that derive the current ABR, 16 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 76.2% and 4.8% of all recommendations. Check price target & stock forecast for Howmet here>>>While the ABR calls for buying Howmet, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for Howmet, the Zacks Consensus Estimate for the current year has increased 7.2% over the past month to $3.44. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Howmet. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Howmet may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
