Howmet Aerospace Inc. (NYSE:HWM) is gaining attention as it is potentially undervalued in Q3, with Sell ratings from Northcoast Research and a rating of 49% undervaluation. The aerospace company has beaten analysts' forecasts and outperformed its competitors as its shares surged. Its EPS growth presents an investment opportunity. Institutional ownership sits at 88%, and the company is expected to outperform Textron due to its robust financial performance. Wellington Management Group and Los Angeles Capital Management reduced their shares, while PNC Financial Services Group and Quadrature Capital increased their stakes, indicating mixed sentiments. The company reported record Q1 2024 earnings, attributing its success to high revenues. Its stock price saw increases on the back of positive earnings reports and bullish upgrades. The company exceeded Q1 revenue and earnings estimates and boosted its full-year guidance. However, it experienced underperformance on several days compared to competitors, portending potential volatility.
Howmet Aerospace HWM News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Fri, 28 Jun 2024 23:16:08 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor 1
