At the time of writing, Howmet Aerospace Inc [HWM] stock is trading at $93.15, down -0.58%. 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 0.14% over the last week, with a monthly amount glided 0.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Howmet Aerospace Inc [NYSE: HWM] stock has seen the most recent analyst activity on June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $95. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on March 18, 2024, and set its price target to $75. On January 10, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $74 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $67 on January 05, 2024. UBS initiated its recommendation with a Neutral and recommended $51 as its price target on October 11, 2023. In a note dated September 28, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $59 on this stock.
For the past year, the stock price of Howmet Aerospace Inc fluctuated between $42.94 and $98.15. Currently, Wall Street analysts expect the stock to reach $75.88 within the next 12 months. Howmet Aerospace Inc [NYSE: HWM] shares were valued at $93.15 at the most recent close of the market. An investor can expect a potential drop of -18.54% based on the average HWM price forecast.
Analyzing the HWM fundamentals
According to Howmet Aerospace Inc [NYSE:HWM], the company’s sales were 7.09B for trailing twelve months, which represents an 14.08% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.23 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
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 92.20 points at the first support level, and at 91.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.09, and for the 2nd resistance point, it is at 95.04.
Ratios To Look Out For
It is important to note that Howmet Aerospace Inc [NYSE:HWM] has a current ratio of 1.53. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 5.36, the price to book ratio is 9.00 and price to earnings (TTM) ratio is 41.30.
Transactions by insiders
Recent insider trading involved Marchuk Neil Edward, EVP, HR, that happened on Aug 23 ’24 when 70637.0 shares were sold. EVP and CFO, Giacobbe Ken completed a deal on Aug 22 ’24 to sell 0.15 million shares. Meanwhile, Officer Marchuk Neil Edward bought 70637.0 shares on Aug 23 ’24.
