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Howmet Aerospace gains after raising full-year profit forecast

ReutersMay 1, 2025 11:53 AM

Howmet Aerospace's HWM.N shares up 4.6% to $145 premarket

Company raises 2025 profit forecast on robust demand for the company's fasteners and other critical aircraft parts as planemakers try to produce more jets

Forecasts full-year adj profit per share between $3.36 and $3.44, up from $3.13 to $3.21

Posts Q1 revenue of $1.94 billion, up 6.4%

20 of 26 brokerages rate the stock "buy" or higher, 6 "hold"; median PT $141- LSEG

As of last close, stock up 26.7% YTD

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