We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Howmet Aerospace (HWM) Outpaced Other Aerospace Stocks This Year?
Read MoreHide Full Article
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Howmet (HWM - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
Howmet is a member of our Aerospace group, which includes 58 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Howmet is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HWM's full-year earnings has moved 7.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HWM has returned about 63.2% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 22.8%. This means that Howmet is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock has returned 89.5% year-to-date.
The consensus estimate for Rolls-Royce Holdings PLC's current year EPS has increased 5.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Howmet belongs to the Aerospace - Defense industry, a group that includes 24 individual companies and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 23.3% this year, meaning that HWM is performing better in terms of year-to-date returns.
In contrast, Rolls-Royce Holdings PLC falls under the Aerospace - Defense Equipment industry. Currently, this industry has 33 stocks and is ranked #91. Since the beginning of the year, the industry has moved +21.9%.
Investors with an interest in Aerospace stocks should continue to track Howmet and Rolls-Royce Holdings PLC. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Howmet Aerospace (HWM) Outpaced Other Aerospace Stocks This Year?
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Howmet (HWM - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
Howmet is a member of our Aerospace group, which includes 58 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Howmet is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HWM's full-year earnings has moved 7.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HWM has returned about 63.2% since the start of the calendar year. In comparison, Aerospace companies have returned an average of 22.8%. This means that Howmet is outperforming the sector as a whole this year.
Another Aerospace stock, which has outperformed the sector so far this year, is Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock has returned 89.5% year-to-date.
The consensus estimate for Rolls-Royce Holdings PLC's current year EPS has increased 5.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Howmet belongs to the Aerospace - Defense industry, a group that includes 24 individual companies and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 23.3% this year, meaning that HWM is performing better in terms of year-to-date returns.
In contrast, Rolls-Royce Holdings PLC falls under the Aerospace - Defense Equipment industry. Currently, this industry has 33 stocks and is ranked #91. Since the beginning of the year, the industry has moved +21.9%.
Investors with an interest in Aerospace stocks should continue to track Howmet and Rolls-Royce Holdings PLC. These stocks will be looking to continue their solid performance.