Altair Engineering Inc. ALTR has joined hands with Oasys to introduce an advanced safety simulation modeling solution. This partnership will provide engineers in the automotive sector with a comprehensive service platform combining Altair HyperWorks and Oasys PRIMER to enhance safety modeling capabilities.
Altair HyperWorks features AI-augmented 3D modeling and visualization tools, coupled with modern design and optimization workflows. This empowers users to handle intricate models, gain crucial insights, optimize designs, and drive innovation. On the other hand, Oasys PRIMER is a premium tool used for the preparation and adjustment of crash safety analysis models.
Altair HyperWorks Leading the Charge
Altair recently introduced Altair HyperWorks 2024, a cutting-edge design and simulation platform that offers a seamless user experience across various geometries, physics, and complexities throughout the product development life cycle. This launch solidified Altair’s position as a frontrunner in AI-driven simulation innovation.
In a strategic move to bolster the growth of the HyperWorks platform, Altair acquired Research in Flight to integrate its computational fluid dynamics software into the Altair HyperWorks design and simulation platform. This acquisition marked a significant step in expanding Altair’s presence in sectors like aerospace, defense, marine, energy, turbomachinery, and automotive applications.
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Altair’s relentless focus on innovation and platform enhancements has enabled the company to outpace the industry, particularly in AI-embedded workflows. This commitment to improvement has led to a 40.6% increase in Altair’s stock value over the past year, surpassing the 38.5% growth of the Zacks Engineering – R and D Services industry.
Market Performance and Key Picks
Altair currently holds a Zacks Rank #3 (Hold).
For investors seeking opportunities in the Construction sector, other noteworthy stocks include:
Comfort Systems USA, Inc. FIX with a Zacks Rank #1 (Strong Buy). FIX has demonstrated robust performance with an 88.8% rise in the past year and promising growth estimates for 2024.
M/I Homes, Inc. MHO also holds a Zacks Rank of 1, showing a 65.7% increase in share value over the past year.
Howmet Aerospace Inc. HWM has a Zacks Rank of 1, with a remarkable 96.3% surge in stock value in the last year.