At the time of writing, Howmet Aerospace Inc [HWM] stock is trading at $65.59, up 0.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The HWM shares have gain 0.09% over the last week, with a monthly amount drifted -0.73%, and not seem to be holding up well over a long-time horizon.
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On 10, April 2024, Howmet Aerospace to Host Webcast and Announce First Quarter 2024 Results. In a post published today on Yahoo Finance, Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2024 financial results on Thursday, May 2, 2024. The press release and presentation materials will be available at approximately 7:00 AM ET on May 2, 2024, via the “Investors” section of the Howmet Aerospace website.
From an analyst’s perspective:
Howmet Aerospace Inc [NYSE: HWM] stock has seen the most recent analyst activity on March 18, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $75. Previously, Truist upgraded its rating to Buy on January 10, 2024, and elevated its price target to $74. On January 05, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $67 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $51 on October 11, 2023. Northcoast initiated its recommendation with a Neutral. Deutsche Bank started tracking with a Buy rating for this stock on September 28, 2023, and assigned it a price target of $59. In a note dated July 25, 2023, Robert W. Baird initiated an Outperform rating and provided a target price of $61 on this stock.
For the past year, the stock price of Howmet Aerospace Inc fluctuated between $42.12 and $69.55. Currently, Wall Street analysts expect the stock to reach $59.17 within the next 12 months. Howmet Aerospace Inc [NYSE: HWM] shares were valued at $65.59 at the most recent close of the market. An investor can expect a potential drop of -9.79% based on the average HWM price forecast.
Analyzing the HWM fundamentals
According to Howmet Aerospace Inc [NYSE:HWM], the company’s sales were 6.64B for trailing twelve months, which represents an 14.41% jump. 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 64.77 points at the first support level, and at 63.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.21, and for the 2nd resistance point, it is at 66.82.
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
It is important to note that Howmet Aerospace Inc [NYSE:HWM] has a current ratio of 1.86. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.05, the price to book ratio is 6.75 and price to earnings (TTM) ratio is 35.74.
Transactions by insiders
Recent insider trading involved Marchuk Neil Edward, EVP, HR, that happened on Mar 04 ’24 when 45000.0 shares were sold. EVP, HR, Marchuk Neil Edward completed a deal on Aug 09 ’23 to sell 80000.0 shares.
