Is Howmet Aerospace a Stock to Buy and Hold Forever? Here's Why It Could Be.

For investors seeking stability and the potential for consistent performance in their portfolios, Howmet Aerospace (NYSE: HWM) is an intriguing option. Shares of Howmet more than doubled in 2024, and the aerospace component manufacturer is well-positioned to continue to fly higher from here.Howmet makes fasteners and other highly engineered products for industrial customers including Boeing and Airbus. Newer, more fuel-efficient aircraft are in high demand, and Howmet's low-weight products are a key part of their design.Spare part sales are a big part of the business, and tend to be more profitable than sales to airplane manufacturers who buy in bulk. Boeing's difficulties in ramping up production have caused airlines to lean on their existing fleets, leading to strong demand for replacement parts needed to keep those older aircraft flying.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool