Is Further Upside Left in the Stock?
Howmet Aerospace Inc. HWM shares ended the last trading session 3.1% higher at $115.78. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 9.7% loss over the past four weeks.
Howmet’s rally is largely driven by optimism over its strong momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. The company is also witnessing strength in its defense aerospace business on the back of rising U.S. & international defense budgets.
This maker of engineered products for the aerospace and other industries is expected to post quarterly earnings of $0.77 per share in its upcoming report, which…
