Howmet Aerospace Inc. (HWM) has seen significant advances in the stock market recently, reflected by its all-time high stock price of $129.77 and the bullish stance by Wall Street analysts. The company's successful results for the last quarter of 2024 and the entire year have significantly contributed to their performance. Reporting an earnings growth and beating quarterly estimates while also promising a cautious 2025 outlook, Howmet exceeds expectations. Close attention has been paid to Howmet by analysts, with Argus significantly raising the price target to $146 from $125.
Howmet's leadership in the aerospace sector has led to robust demand for its stocks. Moreover, the company is also benefiting from its business strength amidst industry headwinds, including Trump's defense budget comments. It was also speculated that Howmet could be one of billionaire Paul Singer's top long-term stock picks. Furthermore, the CEO and CFO of Howmet Aerospace are set to reveal their future vision at an upcoming industrial conference. Despite some insiders selling stocks recently, and industry reports suggesting a possible lag behind other aerospace stocks, the overall sentiment remains very bullish.
Howmet Aerospace HWM News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Fri, 28 Feb 2025 15:43:00 GMT - Rating 9 - Innovation 5 - Information 8 - Rumor 1
