Why Howmet (HWM) Outpaced the Stock Market Today

Howmet (HWM), an aerospace and engineered products manufacturer, closed at $228.51 with a Zacks Rank #2 (Buy) rating. The company is expected to report 43.16% EPS growth and 23.98% revenue growth in the upcoming quarter. However, the stock trades at a Forward P/E of 42.43, significantly above the industry average of 23.45, and has declined 10.59% over the past month.