Howmet Aerospace

Howmet said at the Jefferies conference that it is seeing strong demand from aerospace, defence and especially industrial gas turbines, driven by the energy needs of AI data centers. The company is operating close to its physical capacity limit and is investing heavily in new melting furnaces, plants and process improvements to raise output. Management expects faster growth in the turbine business and plans to raise guidance in February; the target is revenue of over $10 billion by 2026 with leverage around 1.2x. Long-term supply contracts and a larger spare-parts/aftermarket business support visibility through the end of the decade. » More on de.investing.com

A $1,000 investment in Howmet Aerospace ten years ago would be worth approximately $11,349.54 today, based on a closing price of $252.96 per share. That corresponds to a return of about 1,034.95 percent and a holding of 44.867 shares. Stock splits and dividend payments are not taken into account in the calculation; the market capitalization most recently stood at $101.81 billion. » More on finanzen.net

Howmet Aerospace shares climbed about 3.3% after analysts described the recent price decline as a buying opportunity. Douglas Harned of Bernstein SocGen reiterated an "Outperform" rating and a $328 price target, noting that while SpaceX may want to make turbine blades it is unlikely to become a broadly serving industry supplier. Citi analyst John Godyn also reaffirmed a buy recommendation with a $329 price target and placed the stock on a 30-day upside watch. » More on de.investing.com