Howmet (HWM) to Benefit From Business Strength Amid Risks [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
The company's Engine Products segment is benefiting from growth in the commercial and defense aerospace, industrial gas turbine, and oil and gas markets. Strong momentum in the commercial aerospace, transportation and general industrial end markets bodes well for the Fastening Systems segment. Driven by strength in its business, Howmet issued a bullish guidance for 2024. The company expects revenues to increase approximately 7% in 2024 from the year-ago levels. Adjusted earnings per share are anticipated to be between $2.10 and $2.20, suggesting an increase of 17% at the mid-point in 2024. The company remains committed to increasing shareholders' value through dividend payment and share repurchases. For instance, in 2023, it paid dividends of $73 million and repurchased shares worth $250 million. In September 2023, HWM hiked its dividend by 25% to 5 cents per share. HWM's sound liquidity position adds to its strength. Exiting the fourth quarter of 2023, its cash and cash equival
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News
- Global Blind Bolts Market Predicted to Reach USD 6.2 Billion by 2032, Driven by sStructural Integrity and the Rise of Construction and Infrastructure Projects [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Board Approves Common and Preferred Stock DividendsBusiness Wire
- Howmet (HWM) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $53.00 price target on the stock.MarketBeat
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $65.00 to $77.00. They now have a "buy" rating on the stock.MarketBeat
HWM
Earnings
- 2/13/24 - Beat
HWM
Sec Filings
- 4/16/24 - Form 4
- 4/8/24 - Form 8-K
- 4/8/24 - Form ARS
- HWM's page on the SEC website