2024-02-20 16:08:17 ET
Summary
- Howmet Aerospace is a diversified company with a presence in over 20 countries and multiple markets, including aerospace, commercial transportation, and more.
- The company's recent guidance and expectations for net sales growth, adjusted EBITDA, and free cash flow growth are positive.
- Recent restructuring efforts, increases in R&D, and a decrease in debt suggest potential for an increase in the stock price.
With many analysts increasing their EPS expectations and beneficial guidance with respect to FCF growth, Howmet Aerospace Inc. ( HWM ) looks like a must-follow stock. Furthermore, with recent restructuring efforts, increases in R&D, and lower debt, I would expect increase in the stock price. There are obvious risks from some concentration in the aerospace industry, the total amount of debt, and competitors. With that, I believe that there is more upside potential in the stock price than downside risks.
Howmet Aerospace: Diversified Geographically And In Different Markets
With a portfolio that includes engineering products and solutions, forged wheels for industrial activities, and fastening systems, Howmet Aerospace is a technological innovation company focused primarily on the aerospace industry, although its products are also part of the commercial transportation and other markets. The company has managed to expand its presence to more than 20 countries and more than 58 locations among its design, manufacturing, storage, and distribution facilities....
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Howmet: Commercial Aerospace Demand, Beneficial 2024 Guidance, And Upside Potential