How Is Howmet Aerospace's Stock Performance Compared to Other Aerospace & Defense Stocks?

With a market cap of $102.9 billion, Howmet Aerospace Inc. (HWM) provides advanced engineered solutions for the aerospace, defense, and commercial transportation industries worldwide, including in the U.S., Japan, China, and Europe. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Howmet Aerospace fits this criterion perfectly. The company serves customers in aircraft engines, industrial gas turbines, and heavy-duty vehicle markets.

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Shares of the Pittsburgh, Pennsylvania-based company pulled back 10.2% from its 52-week high of $280.74. Howmet Aerospace’s shares have fallen marginally over the past three months, a less pronounced decline than the iShares U.S. Aerospace & Defense ETF’s (ITA) 5.2% dip over the same time frame.

HWM stock is up 23% on a YTD basis, exceeding ITA’s 5.9% rise. In the longer term, shares of the aerospace company have jumped 49.6% over the past 52 weeks, compared to ITA’s 26.9% return over the same time frame.

The stock has been trading below its 50-day and 200-day moving averages since last year.