A share price of Howmet Aerospace Inc [HWM] is currently trading at $67.96, up 0.25%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HWM shares have gain 3.02% over the last week, with a monthly amount glided 17.74%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Howmet Aerospace to Participate in the Bank of America Global Industrials Conference. In a post published today on Yahoo Finance, Howmet Aerospace Inc. (NYSE:HWM) announced today that John C. Plant, Executive Chairman and Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will participate in the Bank of America Global Industrials Conference in London, UK, on March 19, 2024 at 4:00 AM ET.
From an analyst’s perspective:
Howmet Aerospace Inc [NYSE: HWM] stock has seen the most recent analyst activity on January 10, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $74 from $47. Previously, Bernstein started tracking the stock with Outperform rating on January 05, 2024, and set its price target to $67. On October 11, 2023, UBS initiated with a Neutral rating and assigned a price target of $51 on the stock. Northcoast started tracking the stock assigning a Neutral rating. Deutsche Bank initiated its recommendation with a Buy and recommended $59 as its price target on September 28, 2023. Robert W. Baird started tracking with a Outperform rating for this stock on July 25, 2023, and assigned it a price target of $61. In a note dated March 31, 2023, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $49.
Howmet Aerospace Inc experienced fluctuations in its stock price throughout the past year between $38.17 and $67.97. Currently, Wall Street analysts expect the stock to reach $39.25 within the next 12 months. Howmet Aerospace Inc [NYSE: HWM] shares were valued at $67.96 at the most recent close of the market. An investor can expect a potential drop of -42.25% based on the average HWM price forecast.
Analyzing the HWM fundamentals
Trailing Twelve Months sales for Howmet Aerospace Inc [NYSE:HWM] were 6.64B which represents 14.41% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.48 points at the first support level, and at 67.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.39, and for the 2nd resistance point, it is at 68.81.
Howmet Aerospace Inc [HWM] reported earnings per share of $0.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of $0.06 and a surprise factor of 12.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.46 per share as compared to estimates of $0.43 per share, a difference of $0.03 representing a surprise of 7.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Howmet Aerospace Inc [NYSE:HWM] is 1.86. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 7.00 and price to earnings (TTM) ratio is 37.03.
Transactions by insiders
Recent insider trading involved Marchuk Neil Edward, EVP, HR, that happened on Mar 04 when 45000.0 shares were sold. EVP, HR, Marchuk Neil Edward completed a deal on Aug 09 to sell 80000.0 shares. Meanwhile, EVP, HR Marchuk Neil Edward sold 57000.0 shares on Mar 06.
