NEW YORK ( TheStreet) -- Shares of Titanium Metals ( TIE) rose sharply Tuesday as positive sentiment continued to build concerning production of Boeing's ( BA) 787 Dreamliner.

Shares of Titanium Metals, a major Dreamliner supplier, ended Tuesday's session up 9.3% at $16.30 on volume of 12.8 million shares, more than triple the daily average turnover in the name.

The Dreamliner's first successful flight has "started a revolution in aviation," D.A. Davidson analyst Avinash Kant wrote in a note to investors. "Extensive use of advanced materials in this leading-edge aircraft, such as composites and lightweight titanium alloys, reinforces our thesis that advanced materials are key as industries push the limits of technology.

"We believe the successful adoption of composites and titanium in the Boeing 787 Dreamliner is a game changer, as it will set the stage for significant future adoption" and lead to much greater demand in the future.

D.A. Davidson believes in Hexcel ( HXL) as an investment levered to composites, and RTI International Metals ( RTI) and Titanium Metals as investments levered to titanium.

Kant points out that Hexcel, RTI, and Titanium Metals have 45% to 60% exposure to commercial aerospace, according to D.A. Davidson.

Hexcel stock ended the trading session 1.4% higher at $14.20 and RTI finished Tuesday up 5% at $30.70

-- Reported by Andrea Tse in New York

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