Throughout the year, Howmet Aerospace (HWM) has shown a mix of outperforming and underperforming when compared to other construction stocks in a turbulent market. Receiving a “Sell” rating from Northcoast Research, the stock soared due to strong financial performance and positive earnings reported, particularly with a notable 26% increase.
Record-breaking revenue and raised guidance and dividend contributed to this uptrend. Despite some down days, the financial strength of the company has been guiding the market.
Institutions such as Sei Investments Co. and Point72 Hong Kong Ltd. have been active participants, with sales and purchases of thousands of shares. For five years, investors observed fantastic returns as high as 405%.
Q1 2024 earnings call transcript has been released, while it's intrinsic value is speculated to be possibly 99% above its share price.
With a strong EPS growth, robust air travel boosting parts demand, and an increase in dividend forecasts, shares in HWM soared by 17%.
Short interest decreased by 5.7% as Q1 earnings beat estimates and revenues increased. Howmet Aerospace has been underperforming and outperforming sporadically, but despite the losses, insider selling activity was noted with EVP selling over $2.7m in company stock.
In Q1 2024, they have surpassed both revenue and earnings estimates. Meanwhile, a strategic SWOT insight decoded the company's potential.
Howmet Aerospace HWM News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sat, 15 Jun 2024 17:46:17 GMT - Rating -2 - Innovation 4 - Information 7 - Rumor 3
