For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Howmet (HWM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
Howmet is a member of our Aerospace group, which includes 64 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Howmet is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HWM's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, HWM has returned 72.7% so far this year. Meanwhile, the Aerospace sector has returned an average of 32.2% on a year-to-date basis. This shows that Howmet is outperforming its peers so far this year.
One other Aerospace stock that has outperformed the sector so far this year is BWX Technologies (BWXT). The stock is up 75.6% year-to-date.
In BWX Technologies' case, the consensus EPS estimate for the current year increased 5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Howmet belongs to the Aerospace - Defense industry, a group that includes 25 individual companies and currently sits at #155 in the Zacks Industry Rank. This group has gained an average of 31.7% so far this year, so HWM is performing better in this area.
In contrast, BWX Technologies falls under the Aerospace - Defense Equipment industry. Currently, this industry has 38 stocks and is ranked #52. Since the beginning of the year, the industry has moved +33.7%.
Investors with an interest in Aerospace stocks should continue to track Howmet and BWX Technologies. These stocks will be looking to continue their solid performance.
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Howmet Aerospace Inc. (HWM): Free Stock Analysis Report BWX Technologies, Inc. (BWXT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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