Latest news with #engineeredcomponents
Yahoo
04-08-2025
- Business
- Yahoo
Are Wall Street Analysts Predicting Howmet Aerospace Stock Will Climb or Sink?
Howmet Aerospace Inc. (HWM) is a major global supplier of engineered aerospace and transportation components. Headquartered in Pittsburgh, Pennsylvania, it operates through four key segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. With a market cap of $74.4 billion, the company provides critical components such as jet engine parts, structural aerospace assemblies, and forged aluminum wheels. Its global customer base spans commercial aviation, defense, and various industrial markets. Shares of HWM have substantially outperformed the broader market over the past 52 weeks. HWM has surged 94.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.5%. In 2025, shares of HWM are up 68.5%, compared to SPX's 6.1% rise on a YTD basis. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Focusing more closely, Howmet Aerospace has also outpaced the SPDR S&P Aerospace & Defense ETF's (XAR) 44.6% return over the past 52 weeks and a 29.2% YTD return. On July 31, Howmet Aerospace shares fell 6.4% despite reporting strong fiscal Q2 2025 results. The company delivered record revenue of $2.05 billion, up 9% year-over-year, and exceeded expectations with adjusted EPS of $0.91, alongside notable margin expansion. It also generated $344 million in free cash flow, repurchased $275 million in stock, raised its dividend by 20%, and reduced debt. However, the market reaction was tempered by softness in the commercial transportation segment and concerns over the stock's elevated valuation. Analysts expect HWM's EPS to grow 36.4% year-over-year to $3.67 in the current year ending in December 2025. The company's earnings surprise history is auspicious, as it topped the consensus estimates in all of the last four quarters. Among the 23 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on 18 'Strong Buy' ratings, one 'Moderate Buy,' and four 'Holds.' This configuration is more bullish than two months ago, with 17 'Strong Buy' ratings. On Jul. 17, Morgan Stanley (MS) analyst Kristine Liwag raised the price target on Howmet Aerospace from $170 to $210 while maintaining an 'Overweight' rating. The firm highlighted that aerospace stocks are trading at record-high multiples, reflecting the sector's resilience. Citing improving supply chains and steady air traffic demand, Morgan Stanley remains bullish on aerospace names with a balanced mix of aftermarket and original equipment exposure, positioning Howmet favorably within the industry. While HWM currently trades above its mean price target of $179.76, its Street-high price target of $220 implies a potential upside of 19.4% from the current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
07-07-2025
- Business
- Yahoo
Nautic Partners Completes Acquisition of Ideal Tridon Group in Partnership with Management
PROVIDENCE, R.I., July 07, 2025--(BUSINESS WIRE)--Nautic Partners is pleased to announce that, in partnership with management, it has closed the acquisition of Ideal Tridon Group ("Ideal Tridon") from TruArc Partners. Headquartered in Smyrna, TN with additional facilities globally, Ideal Tridon is a scaled manufacturer of engineered components used to secure, support, and connect the movement of fluids, air, and electricity in critical applications. The company has a broad product portfolio of leading brands with more than 60,000 SKUs and an expansive base of over 20,000 customers. Ideal Tridon's products are ubiquitous in commercial and industrial facilities and infrastructure. They include engineered clamps, brackets, fittings, metal framing systems, couplings, industrial hose connections, and hygienic flow control components used in diverse applications such as electrical wiring, HVAC, liquid cooling, process manufacturing, facility automation, power and emissions systems, and water/wastewater management. Chris Pierce, Managing Director at Nautic, said, "We are thrilled to partner with Ideal Tridon, a business with a strong leadership team, an outstanding reputation, and attractive growth potential. We look forward to supporting the next chapter of their success. We are also excited to add another investment to our engineered products portfolio within Nautic's Industrials group. We view Ideal Tridon as a great fit for our thematic focus in several engineered component subsectors including electrical products, flow control, and facility automation, with exposure to many of the high growth markets we proactively target." Andrew Brewster, Principal at Nautic, added, "Ideal Tridon is a highly diverse and resilient business led by a growth-oriented management team that has done a terrific job moving the business into attractive markets and taking share in recent years. The company designs and manufactures components that are relatively low cost but critical parts of complex systems making connections in manufacturing plants, commercial facilities, infrastructure, and industrial equipment. We believe there is still significant runway for organic growth and an opportunity to further broaden the company's leading brand portfolio through add-on acquisitions." Rick Stepien, CEO of Ideal Tridon Group, said, "Ideal Tridon has undergone a remarkable transformation in recent years, expanding our product portfolio, global footprint, and operational capabilities. Through 15 strategic acquisitions across faster growing segments, we have diversified into new markets such as semiconductor, data centers, pharmaceutical, food & beverage manufacturing, aerospace, renewable energy, and infrastructure. The electrical segment now represents our largest application set. We lead with application knowledge and engineering expertise and have supported our customers by adding new products to our portfolio including hygienic flow control components, EV battery cooling components, custom hose and fittings, and customized metal and fiberglass support systems. However, the values that define us – our dedication to quality, service, and innovation – remain unchanged. With Nautic's support, we are eager to accelerate our trajectory and continue delivering exceptional value to our customers." Guggenheim Securities, LLC and McDermott Will & Emery LLP represented Nautic in the transaction. MidCap Financial Services, LLC led the financing for the transaction and Simpson Thacher & Bartlett LLP served as financing legal counsel to Nautic. Lincoln International, Harris Williams, and Weil, Gosthal, & Manges LLP advised TruArc Partners. About Ideal Tridon Ideal Tridon Group is a global leader in engineered joining and support solutions, offering a broad range of clamps, brackets, strapping, fittings, couplings, and hose connections through a portfolio of trusted brands. With manufacturing and distribution operations across North America, Europe, and Asia, the company supports customers in industrial, commercial, and infrastructure markets worldwide. Learn more at About Nautic Partners Nautic Partners is a Providence, Rhode Island-based middle-market private equity firm that focuses our expertise and market knowledge on sub-verticals within three sectors: Healthcare, Industrials and Services. Nautic has completed over 160 platform transactions throughout our 38-year history. In pursuing our thematic and proactive investment strategy, we seek to partner with executives and management teams in an effort to accelerate the growth trajectory of our portfolio companies via acquisitions, targeted operating initiatives, and increased management team depth. For more information, please visit View source version on Contacts Nautic Partners, LLCAllan PetersenManaging Director, 401.278.6770
Yahoo
26-06-2025
- Automotive
- Yahoo
Q1 Earnings Highs And Lows: Gates Industrial Corporation (NYSE:GTES) Vs The Rest Of The Engineered Components and Systems Stocks
Looking back on engineered components and systems stocks' Q1 earnings, we examine this quarter's best and worst performers, including Gates Industrial Corporation (NYSE:GTES) and its peers. Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 13 engineered components and systems stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 1.4% below. Luckily, engineered components and systems stocks have performed well with share prices up 10.6% on average since the latest earnings results. Helping create one of the most memorable moments for the iconic 'Jurassic Park' film, Gates (NYSE:GTES) offers power transmission and fluid transfer equipment for various industries. Gates Industrial Corporation reported revenues of $847.6 million, down 1.7% year on year. This print exceeded analysts' expectations by 2.9%. Overall, it was an exceptional quarter for the company with a solid beat of analysts' adjusted operating income and organic revenue estimates. Ivo Jurek, Gates Industrial's Chief Executive Officer, commented, "In the first quarter, we grew our volume company-wide supported by strong growth in our Auto Replacement and Personal Mobility end markets. Also, our gross margin increased nicely year-over-year." The stock is up 23% since reporting and currently trades at $22.04. Is now the time to buy Gates Industrial Corporation? Access our full analysis of the earnings results here, it's free. Founded by a steel salesman, Worthington (NYSE:WOR) specializes in steel processing, pressure cylinders, and engineered cabs for commercial markets. Worthington reported revenues of $317.9 million, flat year on year, outperforming analysts' expectations by 5.6%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The market seems content with the results as the stock is up 4.3% since reporting. It currently trades at $62.72. Is now the time to buy Worthington? Access our full analysis of the earnings results here, it's free. Based in Cleveland, Park-Ohio (NASDAQ:PKOH) provides supply chain management services, capital equipment, and manufactured components. Park-Ohio reported revenues of $405.4 million, down 2.9% year on year, falling short of analysts' expectations by 4.7%. It was a softer quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. Park-Ohio delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 17.5% since the results and currently trades at $17.60. Read our full analysis of Park-Ohio's results here. Founded as a single retail store, Arrow Electronics (NYSE:ARW) provides electronic components and enterprise computing solutions to businesses globally. Arrow Electronics reported revenues of $6.81 billion, down 1.6% year on year. This result surpassed analysts' expectations by 7.2%. It was an exceptional quarter as it also produced a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Arrow Electronics pulled off the biggest analyst estimates beat among its peers. The stock is up 14.2% since reporting and currently trades at $127. Read our full, actionable report on Arrow Electronics here, it's free. With a Guinness World Record for engineering the largest spherical plain bearing, RBC Bearings (NYSE:RBC) is a manufacturer of bearings and related components for the aerospace & defense, industrial, and transportation industries. RBC Bearings reported revenues of $437.7 million, up 5.8% year on year. This number missed analysts' expectations by 0.5%. It was a slower quarter as it also logged a miss of analysts' EBITDA estimates. The stock is up 3.7% since reporting and currently trades at $380.57. Read our full, actionable report on RBC Bearings here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
