Recently, a significant increase in
Howmet Aerospace (NYSE:HWM)'s share value has been attributed to the company's strong financial performance. Various investment firms including
Cerity Partners LLC, National Wealth Management Group LLC, and
Kingsview Wealth Management LLC, have purchased substantial number of shares. Furthermore, the company's board approved preferred stock dividends. Despite the lagging aerospace sector, Howmet Aerospace excelled in Q3 2024 revealing an impressive earnings. There was a notable reduction of stock position by
FMR LLC, while
Vinva Investment Management Ltd bought 30,285 shares. The company posted record EBITDA and strategic growth in their Q3 2024 earnings call, and an 11% revenue growth despite an ongoing Boeing strike. The company also witnessed hefty investments from
Settian Capital LP, Dai ichi Life Insurance Company Ltd, and RPg Family Wealth Advisory LLC. Furthermore, their stock surged following a massive earnings beat. The company's Q3 earnings also surpassed estimates and revenues saw year-on-year increase. Wall street analysts' target price for Howmet's stock and the price target raised to $135 from $100 at BofA. Participating actively in the
S&P 500 Leadership, the company eyes further milestones.
Howmet Aerospace HWM News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Fri, 29 Nov 2024 11:52:51 GMT -
Rating 9
- Innovation 7
- Information 8
- Rumor -6
