Howmet Aerospace receives positive ratings amid supplier recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 12 2024
0mins
Should l Buy HWM?
Source: SeekingAlpha
Howmet Aerospace Inc. saw its stock rise by 5.24% as it reached a 5-day high. This increase comes amid a report from BNP Paribas indicating that suppliers, including Howmet, are recovering from destocking, which reflects optimistic growth prospects in the aerospace market. The recovery of suppliers is crucial as it suggests a potential boost in production capabilities and market confidence, particularly in light of ongoing challenges faced by major players like Boeing.
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Analyst Views on HWM
Wall Street analysts forecast HWM stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 250.000
Low
209.00
Averages
236.77
High
258.00
Current: 250.000
Low
209.00
Averages
236.77
High
258.00
About HWM
Howmet Aerospace Inc. is a global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary business focus is on jet engine components, aerospace fastening systems, and airframe structural components. Its Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines and industrial gas turbine applications. Its Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial and other fasteners. Its Engineered Structures segment produces titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, titanium extrusions, and machining services for airframe, wing, aero-engine, and landing gear components. Its Forged Wheels segment provides forged aluminum wheels and related products for heavy-duty trucks and the commercial transportation market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Release Schedule: Howmet Aerospace will announce its Q1 2026 financial results on May 7, 2026, with a press release and presentation materials available at approximately 7:00 AM ET, reflecting the company's commitment to transparency.
- Conference Call Details: The company will host a conference call at 10:00 AM ET on the same day, led by Executive Chairman and CEO John Plant and CFO Patrick Winterlich, aimed at communicating financial performance and future outlook to investors.
- Webcast Information: The call will be available via webcast on the 'Investors/Events and Presentations' section of Howmet's website, ensuring global investors can access real-time information and enhancing interaction between the company and its investors.
- Replay Arrangements: A replay of the call will be available two hours after the live event until May 21, 2026, allowing investors who missed the live session to access key information, demonstrating the company's focus on investor relations.
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- Earnings Release Schedule: Howmet Aerospace will announce its Q1 2026 financial results on May 7, 2026, with a press release and presentation materials available at approximately 7:00 AM ET, reflecting the company's commitment to transparency.
- Conference Call Details: The company will host a conference call at 10:00 AM ET on the same day, led by Executive Chairman and CEO John Plant and CFO Patrick Winterlich, aimed at communicating financial performance and future outlook to investors.
- Webcast Information: The call will be available via webcast on the 'Investors/Events and Presentations' section of Howmet's website, ensuring global investors can access real-time information and enhancing interaction between the company and its investors.
- Replay Arrangements: A replay of the call will be available two hours after the live event until May 21, 2026, allowing investors who missed the live session to access key information, demonstrating the company's focus on investor relations.
See More
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- Price Fluctuation Analysis: VO stock has a 52-week low of $223.65 and a high of $307.06, with the last trade at $290.89, indicating significant price movement near its high, which may influence investor buying decisions.
- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average provides investors with valuable insights for technical analysis, aiding in the assessment of market trends and potential buy or sell opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify those experiencing notable inflows or outflows, allowing investors to evaluate the impact on underlying assets and make more informed investment decisions.
See More
Boeing's 737 Production Continues to Lag
- 737 Fuselage Shipments Below Target: According to a report from BNP Paribas, Boeing's 737 fuselage shipments were only 38 in March, falling short of the 42 per month target, indicating ongoing production challenges that could negatively impact cash flow and market confidence.
- 787 Production Near Expectations: The production activity for the 787 program showed positive signs in March, with approximately 94 Dreamlifter flights tracked, suggesting output is close to the target rate of eight aircraft per month, which may enhance overall company performance.
- Suppliers Recovering from Destocking: As inventory reductions across the supply chain begin to ease, aerospace original equipment manufacturers are showing signs of recovery, with BNP Paribas maintaining positive ratings on suppliers like Howmet Aerospace and RTX, reflecting optimistic growth prospects in the market.
- Boeing Faces Production Challenges: Despite the positive performance of the 787 program, Boeing continues to navigate production constraints and quality issues related to the 737 Max, which could adversely affect its future production capabilities and market performance, warranting caution from investors.
See More
How Delta and United Navigate Challenges in the Airline Industry
- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which is typically more volatile.
See More
How Delta Stock Can Soar Despite Rising Oil Prices and TSA Challenges
- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which often experiences more volatility.
See More
Steer Clear of Deere and Other Costly Industrial Stocks: Here Are 3 Alternatives to Consider.
- Physical Goods Surge: Companies producing physical goods are experiencing significant growth this year.
- AI-Disruptible Services Lag: In contrast, shares of service and software providers that are vulnerable to AI disruption are not performing as well.
See More
