Howmet Aerospace Inc [HWM] stock prices are up 0.74% to $106.32 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HWM shares have gain 3.58% over the last week, with a monthly amount glided 9.10%, 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 October 08, 2024, when Susquehanna initiated its Positive rating and assigned the stock a price target of $120. Previously, BTIG Research started tracking the stock with Buy rating on June 26, 2024, and set its price target to $95. On March 18, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $75 on the stock. Truist upgraded its rating to a Buy and increased its price target to $74 on January 10, 2024. Bernstein initiated its recommendation with a Outperform and recommended $67 as its price target on January 05, 2024. UBS started tracking with a Neutral rating for this stock on October 11, 2023, and assigned it a price target of $51. In a note dated October 05, 2023, Northcoast initiated an Neutral rating.
The stock price of Howmet Aerospace Inc [HWM] has been fluctuating between $42.94 and $106.76 over the past year. Currently, Wall Street analysts expect the stock to reach $97.44 within the next 12 months. Howmet Aerospace Inc [NYSE: HWM] shares were valued at $106.32 at the most recent close of the market. An investor can expect a potential drop of -8.35% based on the average HWM price forecast.
Analyzing the HWM fundamentals
The Howmet Aerospace Inc [NYSE:HWM] reported sales of 7.09B for trailing twelve months, representing a surge of 14.08%. 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 105.72 points at the first support level, and at 105.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.93, and for the 2nd resistance point, it is at 107.53.
Ratios To Look Out For
It’s worth pointing out that Howmet Aerospace Inc [NYSE:HWM]’s Current Ratio is 1.53. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 6.12, the price to book ratio is 10.27 and price to earnings (TTM) ratio is 47.14.
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.
