From Yahoo Finance: 2025-03-22 07:22:00

Howmet Aerospace (NYSE: HWM) saw its shares double in 2024, making it an attractive option for investors looking for stability and growth. The company produces fasteners and other products for aerospace giants like Boeing and Airbus, benefiting from the demand for lightweight components in new fuel-efficient aircraft.

The aerospace industry’s recovery post-pandemic has led to increased demand for spare parts, a profitable segment for Howmet. The company’s 2024 revenue grew by 12%, generating nearly $1 billion in free cash flow. CEO John Plant has used this strong cash position to reward shareholders with stock repurchases, dividends, and debt reduction.

Howmet continues to invest in R&D for new materials and processes, as well as expanding into energy markets like gas turbines and data centers. While the industry is cyclical, the company’s management and history of weathering challenges position it well for the future.

While Howmet may not see the same rapid growth every year, it offers long-term stability and potential for steady performance. For investors seeking a reliable option in their portfolios, Howmet Aerospace could be a solid buy-and-hold-forever stock with strong growth prospects.



Read more at Yahoo Finance: Is Howmet Aerospace a Stock to Buy and Hold Forever? Here’s Why It Could Be.