Howmet Gains From Strength in Commercial Aerospace Market Amid Risks

Zacks12-17

Howmet Aerospace Inc. HWM has been benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. The strength in air travel continues...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492678479?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/jcQgRCy4_AMmUZU3FFZHWA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ea57bb703a94c7da7f678d3cc33be8c5","is_english":true,"pubTime":"2024-12-17 22:25","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492678479","market":"us","top_or_hot":-1,"title":"Howmet Gains From Strength in Commercial Aerospace Market Amid Risks","media":"Zacks","content":"<div>\n<p>Howmet Aerospace Inc. HWM has been benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. The strength in air travel continues...</p>\n\n<a href=\"https://finance.yahoo.com/news/howmet-gains-strength-commercial-aerospace-142500476.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Howmet Gains From Strength in Commercial Aerospace Market Amid Risks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHowmet Gains From Strength in Commercial Aerospace Market Amid Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/howmet-gains-strength-commercial-aerospace-142500476.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Howmet Aerospace Inc. HWM has been benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. The strength in air travel continues...</p>\n\n<a href=\"https://finance.yahoo.com/news/howmet-gains-strength-commercial-aerospace-142500476.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LDOS","symbol_name":"Leidos Holdings Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/howmet-gains-strength-commercial-aerospace-142500476.html","article_id":"2492678479","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jcQgRCy4_AMmUZU3FFZHWA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ea57bb703a94c7da7f678d3cc33be8c5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492678479","pubTimestamp":1734445500,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In the past three months, this Zacks Rank #3  company has gained 19.7% against the industry’s 9.7% decline.However, HWM has been witnessing weakness in the commercial transportation market. In third-quarter 2024, revenues from the commercial transportation market declined 12% on a year-over-year basis. The company expects demand in the commercial transportation markets served by the Forged Wheels segment to decline in the near term due to lower OEM builds. Production issues at Boeing due to quality control challenges and labor union work stoppage are expected to adversely impact narrow-body and wide-body production rates in the quarters ahead.The company is also grappling with rising costs and expenses. In 2023, its cost of goods sold jumped 16.3% year over year while selling, general, administrative and other expenses also increased 15.6%. The trend continued in the first nine months of 2024, with the cost of goods sold increasing 8.1% and selling, general, administrative expenses ris","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LDOS":"Leidos Holdings Inc","BK4149":"建筑机械与重型卡车","BK4585":"ETF&股票定投概念","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LHX":"哈里斯公司","FSS":"联邦信号","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","HWM":"Howmet Aerospace Inc.","BK4588":"碎股","BK4123":"调查和咨询服务","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4187":"航天航空与国防","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU0061474960.USD":"天利环球焦点基金AU Acc"},"translate_title":"Howmet在风险中从商业航空航天市场的强势中获益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSS":1,"HWM":1,"LDOS":1,"LHX":0.9},"content_text":"Howmet Aerospace Inc. HWM has been benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. The strength in air travel continues, with wide-body aircraft demand remaining high, supporting continued OEM spending. Pickup in air travel has been positive for the company as the increased usage of aircraft spurs spending on parts and products that it provides, which drives sales. Revenues from the commercial aerospace market increased 17% year over year in the third quarter of 2024, constituting more than 50% of its business.While the commercial aerospace market has remained a major driver for the company, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. The company has been witnessing robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters. Solid U.S budgetary provisions for the defense sector set the stage for HWM, focused on its business to win more contracts, which is likely to boost its top line.Howmet’s measures to reward shareholders are also encouraging. In the first nine months of 2024, it paid dividends worth $76 million and repurchased shares for $310 million. In July 2024, the company hiked its dividend by 60% to 8 cents per share (annually: 32 cents). In the same month, its board also approved an increase in the its share repurchase program by $2 billion to $2.487 billion of its common stock.The company’s sound liquidity position is an added positive. At the end of the third quarter of 2024, Howmet’s cash equivalents and receivables were $1.23 billion against short-term maturities of $1 million.\nHWM Stock’s Price Performance\nImage Source: Zacks Investment Research\nIn the past three months, this Zacks Rank #3 (Hold) company has gained 19.7% against the industry’s 9.7% decline.However, HWM has been witnessing weakness in the commercial transportation market. In third-quarter 2024, revenues from the commercial transportation market declined 12% on a year-over-year basis. The company expects demand in the commercial transportation markets served by the Forged Wheels segment to decline in the near term due to lower OEM builds. Production issues at Boeing due to quality control challenges and labor union work stoppage are expected to adversely impact narrow-body and wide-body production rates in the quarters ahead.The company is also grappling with rising costs and expenses. In 2023, its cost of goods sold jumped 16.3% year over year while selling, general, administrative and other expenses also increased 15.6%. The trend continued in the first nine months of 2024, with the cost of goods sold increasing 8.1% and selling, general, administrative expenses rising 8%, primarily due to an increase in employment costs.\nStocks to Consider\nSome better-ranked companies are discussed below.\nLeidos Holdings, Inc LDOS presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.LDOS delivered a trailing four-quarter average earnings surprise of 29.9%. In the past 60 days, the Zacks Consensus Estimate for Leidos’ 2024 earnings has increased 10.4%.L3Harris Technologies LHX presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 2.8%.In the past 60 days, the consensus estimate for LHX’s 2024 earnings has increased 0.3%.Federal Signal Corporation FSS presently carries a Zacks Rank of 2. FSS delivered a trailing four-quarter average earnings surprise of 11.8%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2024 earnings has increased 3.1%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFederal Signal Corporation (FSS) : Free Stock Analysis Report\nLeidos Holdings, Inc. (LDOS) : Free Stock Analysis Report\nL3Harris Technologies Inc (LHX) : Free Stock Analysis Report\nHowmet Aerospace Inc. (HWM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492678479"}