Howmet Aerospace (HWM) Benefited From Demand And Extended Backlogs For New Aircraft

Macquarie Asset Management, an investment management company, released its “Macquarie Core Equity Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The US large-cap equity market surged in Q2 2025, with the S&P 500® Index rising 10.94%. The equity market’s strength was due to reduced concerns over the possibility of President Trump quickly imposing harsh tariffs. Later, the administration put a pause on the tariff implementation. In this environment, the Macquarie Core Equity Fund’s Institutional Class returned 11.94% surpassing the benchmark, the S&P 500 Index. Eighty percent of the relative performance was driven by sector selection, and individual security selection accounted for the remainder. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Macquarie Core Equity Fund highlighted stocks such as Howmet Aerospace Inc. (NYSE:HWM). Howmet Aerospace Inc. (NYSE:HWM) provides advanced engineered solutions for the aerospace and transportation industries. The one-month return of Howmet Aerospace Inc. (NYSE:HWM) was 7.01%, and its shares gained 90.28% of their value over the last 52 weeks. On September 17, 2025, Howmet Aerospace Inc. (NYSE:HWM) stock closed at $185.39 per share, with a market capitalization of $74.736 billion.

Macquarie Core Equity Fund stated the following regarding Howmet Aerospace Inc. (NYSE:HWM) in its second quarter 2025 investor letter:

“Howmet Aerospace Inc. (NYSE:HWM) is a supplier of critical engine and airframe components to the commercial and military aerospace complex. The company continued to benefit from robust demand and extended backlogs for new aircraft. Given the difficulty Boeing and Airbus have had ramping production of newer aircraft, old aircraft are flying longer, which aids aftermarket parts suppliers including Howmet.”

In another article, we covered Howmet Aerospace Inc. (NYSE:HWM) and shared ClearBridge Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.