Here's Why This Hot Aerospace Stock Surged This Week
HWMHowmet Aerospace(HWM) The Motley Fool·2024-08-02 20:14

This aerospace and defense supplier continues to exceed expectations.Howmet Aerospace (HWM -0.87%) stock is up a whopping 75% in 2024 and rose 14.7% in the last week to Friday morning trading. The latest leg up is due to its impressive second-quarter earnings release earlier this week.Howmet's end marketsThe company generates around 52% of its sales from commercial aerospace and 16% from defense aerospace, with commercial transportation at about 18%. The remaining 14% is under the "industrial and other" hea ...