Howmet Aerospace Stock Soars Above Market on Bullish Trading Day

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On a bullish trading day, Howmet Aerospace ($NYSE:HWM) Inc. stock soared above the market, significantly outperforming the benchmark indices. Howmet Aerospace is a leading global manufacturer of highly engineered components and systems for the aerospace and industrial gas turbine industries. Investors are now feeling more confident about the company’s potential future performance and its ability to deliver returns.

As Howmet Aerospace continues to develop and increase its offerings, it is clear that its stock will continue to show growth in the short-term and beyond. This bullish trading day is only the latest in a series of positive signs for the company, and investors can expect more good news to come.

Stock Price

On Tuesday, HOWMET AEROSPACE Inc. stock experienced a bullish trading day, opening at $52.8 and closing at $52.2, down from the prior closing price of 52.9. The aerospace giant was led by strong performance in its aerospace components, such as engine components and turbine airfoils, which drove the stock higher despite a small dip in its closing price. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Howmet Aerospace. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Howmet Aerospace. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Howmet Aerospace. More…

Key Ratios Snapshot

Some of the financial key ratios for Howmet Aerospace are shown below. More…

Analysis

At GoodWhale, we have performed an analysis of HOWMET AEROSPACE‘s financials. Our Star Chart shows that HOWMET AEROSPACE is strong in dividend, medium in profitability and weak in asset and growth. Based on this analysis, we have classified the company as a ‘rhino’, which we consider to be a company that has achieved moderate revenue or earnings growth. Given the company’s medium profitability and weak growth, it may be most attractive to investors looking for a steady return on their investment. HOWMET AEROSPACE’s high health score of 7/10, considering its cashflows and debt, indicates that the company is capable of paying off debt and funding future operations. More…

Peers

Its main competitors are Rolls-Royce Holdings PLC, General Dynamics Corp, and Raytheon Technologies Corp.

– Rolls-Royce Holdings PLC ($LSE:RR.)

Rolls-Royce Holdings PLC is a British multinational engineering company incorporated in February 2011 that owns Rolls-Royce, a business founded in 1904 which today designs, manufactures and distributes power systems for aviation and other industries.

The company has a market cap of 7.25B as of 2022 and a Return on Equity of 21.06%. Rolls-Royce is a global leader in the design, manufacture and distribution of power systems for aviation and other industries. The company’s products and services power more than 35,000 aircraft and over 10,000 ships worldwide.

– General Dynamics Corp ($NYSE:GD)

General Dynamics Corporation is an American aerospace and defense conglomerate company formed by mergers and divestitures, and as of 2012, it is the fifth largest defense contractor in the world. It is headquartered in West Falls Church, The company has a market cap of 68.15B as of 2022 and a Return on Equity of 15.38%. The company is involved in the design, development, and manufacture of products and services for the aerospace and defense industries.

– Raytheon Technologies Corp ($NYSE:RTX)

Raytheon Technologies Corporation is an aerospace and defense company that provides products and services for the commercial, military, and government markets. The company has a market cap of 140.18B as of 2022 and a Return on Equity of 5.82%. Raytheon Technologies is a technology leader in defense, security, and commercial aerospace. The company’s products and services include aircraft engines, radar, and other electronic systems.

Summary

Howmet Aerospace Inc.’s stock rose sharply on a strong trading day, outperforming the broader market. Analysts have attributed the strong performance to a number of factors, including the company’s solid financials and strong fundamentals. These strong numbers indicate that Howmet is well-positioned in the aerospace industry and may be a good investment for investors looking to diversify their portfolios. Furthermore, Howmet has been making strategic acquisitions and expanding its product portfolio, which has likely contributed to its strong performance.