Why Howmet Aerospace Stock Is Soaring Higher Today
HWMHowmet Aerospace(HWM) The Motley Fool·2024-05-03 00:32

This under-the-radar aerospace manufacturer is finally getting its due.Howmet Aerospace (HWM 15.96%) easily topped quarterly expectations, raised full-year guidance, and telegraphed a big boost to its dividend later this year. Investors are buying in, sending shares up 16% as of 11:15 a.m. ET.Strong results despite Boeing's issuesHowmet is a collection of jet engine and aerospace component businesses that were cobbled together by Alcoa before being spun out as an independent. The company earned $0.57 per sh ...