Howmet Aerospace Inc. (NYSE:HWM) ranks among the best momentum stocks to buy. On July 21, Jefferies increased its price target for Howmet Aerospace Inc. (NYSE:HWM) from $210 to $220 while keeping the company’s shares at a Buy rating. The change comes after Jefferies researches the aerospace fastener market following the closure of Precision Castparts Corp.’s (PCC) Jenkintown factory, which eliminated around 10% of the $4 billion market’s annual aerospace and defense fastener capacity.
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The Jenkintown fire caused fastener activity, which was at 109% of January 2023 levels before the fire, to drop to 100% in June 2025. That said, overall market activity increased by 2% ($94 million annualized), excluding the Jenkintown plant.
In June, PCP’s operations outside of Jenkintown increased by 2% over pre-fire levels, while Howmet Aerospace Inc. performed somewhat better, increasing by 3%.
Howmet Aerospace Inc. is a U.S. aerospace company that creates vital solutions for the transportation, defense, and aerospace industries. Its varied offering includes forged wheels, technical structures, fastening systems, and engine components.
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