HOWMET AEROSPACE INC (NYSE:HWM) – A Strong Growth Stock with Technical Breakout Potential

HOWMET AEROSPACE INC (NYSE:HWM) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamentals with a promising price trend, making it worth a closer look for investors seeking growth opportunities.

Fundamental Strengths

• Growth: HWM has shown strong earnings growth, with EPS increasing by 49% over the past year. Analysts expect continued growth, with EPS projected to rise by 20.32% annually. Revenue growth has also been steady, up 10.01% in the last year.
• Profitability: The company scores a 9/10 in profitability, with strong margins—Operating Margin at 23.52% and Return on Equity at 26.17%, outperforming most peers in the Aerospace & Defense industry.
• Financial Health: HWM maintains a solid financial position with a 7/10 health rating. Its Altman-Z score of 8.90 indicates low bankruptcy risk, and debt levels are manageable.

Technical Setup

• Trend Strength: Both short-term and long-term trends are positive, with the stock trading near its 52-week high.
• Support & Resistance: Key support lies between $168.61 - $171.76, while resistance is around $175.38. A breakout above resistance could signal further upside.
• Relative Strength: HWM outperforms 96% of all stocks over the past year and 84% of its industry peers.

Why This Combination Matters

Growth stocks with strong technical setups often present attractive entry points. HWM’s fundamentals suggest it can sustain growth, while the price action indicates market confidence. A move above $175.38 could confirm a new upward phase.

For more details, review the full fundamental report and technical analysis.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.