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Why Howmet Aerospace Stock Is Flying Higher Today

TheMotleyFool

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Why Howmet Aerospace Stock Is Flying Higher Today: https://g.foolcdn.com/editorial/images/785162/aerospace-maintenance-engineer-inspecting-airplane-in-hangar-getty.jpg

Howmet Aerospace (NYSE: HWM) beat Wall Street expectations for the second quarter thanks to strong performance across all segments. The company also set targets for the year that were above estimates.

Investors are buying in, sending shares of Howmet up 14% as of 10:15 a.m. ET.

Howmet is a relatively new public company with a long history. The company is a manufacturer of components for aircraft and jet engines as well as aluminum wheels for heavy trucks. It was forged together by Alcoa 20 years ago, only to be spun out first as part of Arconic and then as Howmet.

Source Fool.com

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