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Are Aerospace Stocks Lagging Howmet Aerospace (HWM) This Year?
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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 77 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Howmet is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HWM's full-year earnings has moved 10.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, HWM has moved about 40.4% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 5%. This shows that Howmet is outperforming its peers so far this year.
Moog (MOG.A - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 71.4%.
Over the past three months, Moog's consensus EPS estimate for the current year has increased 0.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Howmet belongs to the Aerospace - Defense industry, a group that includes 39 individual stocks and currently sits at #144 in the Zacks Industry Rank. On average, this group has gained an average of 3.7% so far this year, meaning that HWM is performing better in terms of year-to-date returns.
In contrast, Moog falls under the Aerospace - Defense Equipment industry. Currently, this industry has 37 stocks and is ranked #67. Since the beginning of the year, the industry has moved +8.2%.
Investors with an interest in Aerospace stocks should continue to track Howmet and Moog. These stocks will be looking to continue their solid performance.
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Are Aerospace Stocks Lagging Howmet Aerospace (HWM) 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 77 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Howmet is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HWM's full-year earnings has moved 10.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, HWM has moved about 40.4% on a year-to-date basis. At the same time, Aerospace stocks have gained an average of 5%. This shows that Howmet is outperforming its peers so far this year.
Moog (MOG.A - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 71.4%.
Over the past three months, Moog's consensus EPS estimate for the current year has increased 0.7%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Howmet belongs to the Aerospace - Defense industry, a group that includes 39 individual stocks and currently sits at #144 in the Zacks Industry Rank. On average, this group has gained an average of 3.7% so far this year, meaning that HWM is performing better in terms of year-to-date returns.
In contrast, Moog falls under the Aerospace - Defense Equipment industry. Currently, this industry has 37 stocks and is ranked #67. Since the beginning of the year, the industry has moved +8.2%.
Investors with an interest in Aerospace stocks should continue to track Howmet and Moog. These stocks will be looking to continue their solid performance.