Key Takeaways HWM shares are near record highs, up over 92% year over year on strong aerospace market momentum.Commercial and defense aerospace demand lifted revenues, led by engine spares and aircraft backlogs.Elevated valuation and weakness in commercial transportation limit near-term upside for Howmet.Howmet Aerospace Inc. (HWM) has been on a great run on the bourses lately, as the stock was hovering at more than $211 per share in the last three trading sessions. Shares of the advanced engineered solutio ...